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Category: Insurance

Update on Business Interruption Insurance Court Case – 19/06/2020

What the test case will decide: The result of the test case, brought by the Financial Conduct Authority (FCA), will be legally binding on the insurers that are parties to the test case in respect of the interpretation of the representative sample of policy wordings considered by the Court. It will also provide ‘persuasive guidance’…
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Business Interruption Insurance Update

Last week we told you that the Financial Conduct Authority (FCA) was considering what measures it should take to help businesses that had tried unsuccessfully to claim on their Business Interruption (BI) insurance policies. The Coronavirus pandemic and the Government controls imposed as a result are causing a substantial level of loss and distress for…
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COVID-19 INSURANCE CLAIMS – NEW GUIDANCE FROM THE FINANCIAL CONDUCT AUTHORITY (FCA)

The FCA has now confirmed a series of temporary measures to help customers who hold insurance and premium finance products and who may be in financial difficulty because of Coronavirus. The new measures, listed below, will come into force on Monday 18th May. They will be reviewed in the next 3 months in the light of…
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