Based on data gathered by the FCA from insurers, it has emerged that 10,207 of the 21,140 BI policyholders who have had claims accepted have received at least an interim payment. Earlier this week, the FCA announced the publication of the first set of data collected...
Following the conclusion of the Business Interruption insurance test case, the FCA has published a list of BI policies capable of responding to the Covid-19 pandemic. Back in January, the FCA sent a Dear CEO letter to insurers impacted by the business interruption...
The FCA has made its written submissions to the Supreme Court on the form of declarations to be made by the Court following the conclusion of the Covid-19 business interruption insurance text case. The declarations to be made by the Supreme Court are important as...
Following the Supreme Court judgment on the BI test case, the FCA has sent out a Dear CEO letter clarifying what happens next and what it expects of insurers and managing agents. The FCA says it intends to see that all businesses with valid BI claims receive payments...
The Association of British Insurers has published a response to the recent judgement of the Supreme Court on the business interruption insurance test case. ABI general director Huw Evans commented that ‘Insurers have supported this fast-track legal process every step...
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