The FCA established that many insurers were refusing a large number of SME BI claims, with genuine debate as to the meaning of some policy wordings. For example, some policies require the policyholder to prove the presence of coronavirus in a particular area around their premises.
In June 2020, the FCA began a test case in the High Court to provide certainty for all parties. Aspects of the High Court judgment are under appeal to the Supreme Court, from which judgment is expected by January 2021.
This webinar will cover the Supreme Court Judgment on the FCA BI Test Case, with views from Damian Glynn, Sedgwick International UK and Toby Rogers, Clyde & Co.