FCA updates its list of Covid-ready BI policies

FCA updates its list of Covid-ready BI policies

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...
Will your PII cover meet the FCA’s expectations?

Will your PII cover meet the FCA’s expectations?

Covid-19 has certainly not made it any easier for UK brokers to secure appropriate professional indemnity insurance (PII) cover. Many now face increased premiums, excesses and exclusions – particularly around risks associated with the current pandemic. Markets...
Will your PII cover meet the FCA’s expectations?

FCA consults on its guidance on proving Covid-19

The FCA has launched a consultation on its draft guidance on how insureds can prove the presence of Covid-19 in a particular area around their premises in the context of a BI claim. The consultation closes on 18 January, and the draft guidance can be found here. The...
FCA post-Covid product value review deadline looms

FCA post-Covid product value review deadline looms

The FCA issued a reminder late last month stressing that firms have until 3 December to complete a review of the value offered by their products, taking account of the impact of coronavirus. This relates to guidance issued by the FCA back in June highlighting the...

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