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The UK Supreme Court has substantially allowed an appeal by the Financial Conduct Authority (FCA) on behalf of business interruption (BI) insurance policyholders. The judgment, which follows a 'leapfrog' appeal of last year's High Court decision, means that more policyholders who were ordered to close business premises during the first national lockdown in response to the Covid-19 pandemic will be able to make valid claims of their insurers.
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