UK watchdog steps up action over Covid-19 insurance cover             

A branch office of FBD Insurance near Baggot Street Bridge,Dublin, Ireland. FBD is a general insurer. File picture.

Insurers that do not treat customers fairly when calculating payouts for business interruption due to the coronavirus crisis will face action by Britain’s markets watchdog.

The Financial Conduct Authority has taken eight insurers to court over business interruption policy wordings, which the insurers say do not cover the pandemic, with a ruling expected in mid-September.