UK: FCA BRINGS TEST CASE ON BUSINESS INTERRUPTION INSURANCE AND CORONAVIRUS

On 12 June, an article from Out-Law says that it is likely to take a ruling of the Supreme Court to provide legal clarity on the extent to which business interruption (BI) insurance cover applies in the context of the disruption stemming from the coronavirus crisis.  This follows the FCA publishing details of the test case it has lodged against 8 insurers before the High Court in London.

https://www.pinsentmasons.com/out-law/news/coronavirus-fca-test-case-business-interruption-insurance

 

 

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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