The Times has reported on the latest development in the business interruption insurance case involving the Hiscox Action Group, following the successful Test Case last week. Partner Richard Leedham, who is representing the group, has written to the FCA to urge the watchdog to use its powers to compel Hiscox into taking action.
Richard wrote; “Hiscox Action Group members are small businesses, many of whom are struggling to survive, and they desperately need these payments to stay afloat.
“We would ask you to use your considerable enforcement powers to compel Hiscox to make these interim payments instead of standing by and seeing even more of these businesses go to the wall.”
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