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UK Supreme Court Clarifies The Treatment Of Furlough Payments In Business Interruption Insurance
The UK Supreme Court has ruled on whether government furlough payments received during the COVID-19 pandemic must be deducted from business interruption insurance claims under policy savings clauses. The decision addresses fundamental questions about the economic substance of government relief measures and their treatment under the indemnity principle, with significant implications for insurers and policyholders navigating similar disputes.
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