The FCA commences test case on Business Interruption Insurance.

The Financial Conduct Authority, on 16th June, commenced proceedings in the High Court over the failure of certain business interruption insurance policies to pay out over coronavirus losses. The case is expected to cover several questions, such as what is meant by business interruption or interference and if Coronavirus is a notifiable disease. The result should bring legal clarification on whether small businesses will be able to file claims under their business interruption policies. The actual court hearing, which is expected to last 5 to 10 days, is scheduled for late July. Full details of the case can be found here: - 
This is member only content

Please LOGIN to read the full article.

Not a member? Please click here to join today.

More from Industry