Update FCA Test Case for BI Claims 18-09-20
Courts Ruling On FCA Test Case
On the 15th September 2020 the Test Case undertaken by the FCA to gain clarity around Business Interruption wordings gave its ruling. The link below gives more details from the FCA and can direct you further for up to date information.
Policy holders who have submitted claims will be receiving correspondence from their insurer relating to this ruling shortly to say if their claim is affected or not. There is scope for insurers to appeal on some of the rulings passed down, however, this is quite a tight time frame in which they can do so.
We will continue to update clients and ensure insurer feedback where appropriate is fulfilled.
