Global Insurance Law Connect (GILC) has launched its first ‘Business Interruption Report’, providing insights from 19 countries on business interruption insurance in their domestic markets. The report provides details on the key changes to the […]
A Financial Conduct Authority (FCA) review of business interruption claims handling has welcomed insurers quickly paying out interim payments, reallocating resources quickly and proactively communicating with policyholders to help them with claims following the test […]
BIBA in conjunction with Mi Commercial Risks has launched a unique extension to its flood scheme to help protect SMEs against the financial impact of a flood. Only available to BIBA members, the product provides […]
There was a court judgement today in the Cobin & King vs AXA case, which is another part of the long running Business Interruption saga. Basically AXA lost their argument that the policy wording on […]
Lockton published some thoughts on the remaining BI claims cases that might provide a headache for insurers in 2022. Here’s an extract, you can get the full piece here by the way. Despite the UK’s […]
The latest from Shoosmiths; Further guidance for insurers and policyholders on business interruption claims is now available following an award made by Lord Mance in Certain Policyholders v China Taiping Insurance (UK) Co Ltd. Whilst […]
The global coronavirus pandemic led to the disruption of millions of businesses around the world. Artesian’s Andrew Yates offers some insights; With businesses, especially SMEs, under pressure, the Financial Conduct Authority (FCA) brought a test […]
IE Comment; The denied Business Interruption claims last year were arguably the biggest own goal by the UK insurance sector of the 21st century. The road to compromise and settlement has been a rocky one, […]
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