“Many companies whose revenues have been severely hit by the COVID-19 pandemic have been disappointed when told by their insurers that the very add-on policies that they thought would protect them in such instances do not apply in the case of havoc wreaked by a previously unknown virus. So the [Financial Conduct Authority] stepped in on their behalf to clarify the situation, examining 21 sample wordings from policies. The High Court ruling largely found in favour of the FCA.” – The Art Newspaper