WebSep 15, 2024 · The FCA’s business interruption test case is the first time insurance policy wordings have been scrutinised in detail and en masse by a court of law in the UK. Insurance firms were directly compared and assessed against each other on the strength and or deficiencies of their wordings. The impact of the outcome published today is … WebNov 23, 2024 · The UK Supreme Court concluded hearing appeals over the United Kingdom’s Financial Conduct Authority’s (the “FCA”) business interruption insurance …
UK: FCA Business Interruption Test Case Judgement Brings Good …
WebSep 22, 2024 · COVID-19: FCA Files Business Interruption Insurance Test Case Latest Posts SEC Proposes Custody Rule Overhaul With Broad Implications for Investment … WebJul 13, 2024 · The expedited timeline laid out for the FCA case could be significant for Irish insurers who are defending business interruption claims. While the judgment of the English High Court will be legally binding in England only, it may provide persuasive guidance to the Irish Courts in assessing Irish proceedings and claims respectively. hush sweet charlotte movie
Judgment in the FCA’s Business Interruption Test Case – What Is …
WebOct 8, 2024 · On September 15, 2024, the High Court of Justice rendered its judgment in a test case brought by the Financial Conduct Authority (“FCA”) to determine whether various policies held by small businesses would cover business interruption-related losses due to the COVID-19 pandemic. The case was heard over a two-week period commencing July … WebJul 31, 2024 · Lord Justice Flaux, presiding over the FCA COVID-19 Business Interruption Test Case on its 8th and final day at the High Court, has confirmed that the draft judgment in the matter should be ready by ‘mid-September’. Whilst this news will certainly be well received by policyholders it should be noted the Lord Justice confirmed that, taking ... WebSep 22, 2024 · The FCA has confirmed that insurers must not include the period between 17 June 2024 and final resolution of the test case (15 January 2024) when relying on these … maryland research and development credit