Watchdog urged to force insurer to pay firms hit by COVID-19

The Financial Conduct Authority is being urged to use its enforcement powers against Hiscox to force the company to start making payouts to small businesses hit by the pandemic. Lawyers acting for almost 400 firms want the insurer to start making interim payments after a High Court judgment last week found in favour of arguments that the FCA had presented for policyholders.

Read more: The Times

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