Need to Know: An update on Business Interruption Insurance

We bring you the latest news from Government, the legislation you need to know, and what’s going on in the wider GCMA world…

BUSINESS INTERRUPTION INSURANCE

The Financial Conduct Authority and the other parties to the test case have made written submissions to the Supreme Court on the form of the declarations to be issued by the Court. These declarations will be the culmination of the judgments in the test case and will declare whether the policies in the representative sample potentially cover business interruption losses arising from the coronavirus pandemic. 

The FCA have published:

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