business interruption insurance
Key takeaway from the Supreme Court’s ruling In a major boost to insurance policyholders, the Supreme Court has delivered a landmark judgment that paves the way for thousands of policyholders to claim insurance pay-outs for losses suffered as a result of the COVID-19 pandemic. Background to the Supreme Court’s judgment Business interruption insurance policies traditionally […]
As a result of the stance taken by many insurers not to pay out on COVID-19 business interruption insurance (“BII”) claims, the Financial Conduct Authority (the “FCA”) brought a test case in the High Court against a number of insurers. In September 2020, the High Court found in favour of some policy holders, potentially giving […]
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