Partner Richard Leedham, who represented the Hiscox Action Group in the FCA test case, has been quoted in an article by the Financial Times, discussing how insurers may react to the Judgment.
Under FCA guidelines, policyholders affected by this Judgement must be contacted by their insurers within seven days, but not all policyholders are waiting for this to happen.
In these cases, Richard said there is no reason to not demand interim payments: “The law is as stated in the FCA judgment: you should pay.”
You can read the full interview here.