Sector Regulation Sector Regulation

Hiscox cover doesn't include pandemics as they aren't 'incidents,' judges told in UK FCA test case

By Fiona Maxwell
  • 27 Jul 2020 09:41
  • 27 Jul 2020 09:41
Insurance coverage for a business interruption "incident or occurrence" can't stretch to pandemics as they aren't one-off events, Hiscox argued in today’s ongoing High Court test case between insurers and the UK's Financial Conduct Authority.

Jonathan Gaisman, representing Hiscox, told the two judges hearing the case that a pandemic is the “antithesis” of

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