Insurers and FCA Seek Clarity on Business-Interruption Ruling
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RSA Insurance Group Plc and other insurers will try to take a dispute over Covid-19 payouts directly to the U.K. Supreme Court if they can’t reach a deal with regulators.
Several insurance firms and U.K. regulators filed applications to “leapfrog” the case to the Supreme Court. The U.K.’s Financial Conduct Authority said it’s working closely with the eight insurers that participated in the test case to reach an agreement on a range of issues so the appeal wouldn’t be required.