Thursday 17 September 2020 / 12:05 PM Economy

Pat McFadden MP, Labour’s Shadow Economic Secretary to the Treasury, responds to FCA High Court ruling

Pat McFadden MP, Labour’s Shadow Economic Secretary to the Treasury, responding to the High Court ruling that some insurers should have paid out to businesses that experienced losses due to the coronavirus lockdown, said:

“Insurance companies should take responsibility and pay those businesses covered as soon as possible. In the longer term, In the longer term, the industry should look at the ambiguities in these policies and make clear to customers exactly what is covered and what is not.”