The UK supreme court has adjudged that the insurers will have to pay small firms for their COVID-19 losses, which will hit the profits in the short-term. Consequently, this decision may save the collapsing reputation […]
Since the beginning of the first lockdown in 2020 and throughout the year, Allianz Insurance has been making payments on Business Interruption claims where it believes there is cover provided by the policy. At the […]
Some independent legal commentary by Stephen Netherway, Partner, at Devonshires, following the FCA court case judgement last week; · With court overruling the Orient Express – what areas of liability could this affect? Where could […]
The word from Hiscox after last Friday’s judgement; UPDATED: Extra comment by Seth Rachlin, Global Insurance Industry Leader, at Capgemini, has just been added below the Hiscox info. UPDATED 19.01.2021 – Extra comment from Flaxmans […]
The UK Supreme Court has today delivered its verdict on the appeals heard in the business interruption insurance test case. The appeals were brought by the FCA, Hiscox Action Group and six of the eight […]
The Supreme Court has today delivered its judgment in the Financial Conduct Authority’s (FCA)’s business interruption insurance test case. It’s a win for the Hiscox action group and other businesses who have argued since the […]
The latest from Ecclesiastical after the FCA’s update on the Business Interruption cases; An Ecclesiastical Insurance Spokesperson said: “Due to the fact that the Financial Conduct Authority has confirmed it is not appealing the High […]
LATEST UPDATE: 01.10.2020 FROM THE FCA Our objective throughout this case has been to achieve clarity for everyone involved as quickly as possible and that remains the case. We initiated the test case with eight […]
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