FCA business interruption test case hearing begins today
An eight-day test case that seeks to bring legally binding clarity to business interruption insurance claims during the Covid-19 pandemic begins today.
The test case focuses on the application of Denial of Access and Notifiable Disease extensions to pandemic related losses. The FCA hope that the judgment will give policyholders and insurers a greater understanding of which business interruption policies respond to the economic consequences of Covid-19 and how the resulting losses will be determined.
Colin Edelman QC and Richard Harrison are leading the FCA’s senior and junior counsel teams respectively.
Click here for access to the public video link. For more information on this test case, please visit the FCA Website.
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