The Young Members’ Committee have partnered with specialist insurance firm Weightmans LLP, to deliver a series of webinars with unique insights dedicated to supporting career development and help to consider, digest and maximise the opportunities which are likely to arise in insurance in a rapidly changing world.
In this interactive webinar, the speakers will be considering the business interruption insurance test case, brought by the FCA (as regulator) for and on behalf of policyholders against eight insurers. The court was tasked with considering whether 21 lead policies provided cover for losses arising from COVID-19 and the government’s response to the outbreak. The FCA anticipates that the outcome of the case will impact around 370,000 policyholders. With the first instance judgment and the declarations recording the court’s findings on those 21 lead policies available, the focus has shifted to the nature and scope of any appeal.
Pamela Freeland and Sarah Irwin will provide a summary of the background and the current position in respect of the business interruption insurance test case and work through some of the key issues and policy construction points as decided in the first instance decision and provide tips on how to apply elements of the decision to other policy wordings. They will also discuss those elements of the decision that look likely to be appealed and what an appeal may mean for policyholders, insurers and the FOS who are continuing to deal with business interruption claims whilst final answers to key policy construction questions remaining unresolved.
Pamela Freeland, Associate, Weightmans LLP
Sarah Irwin, Solicitor, Weightmans LLP
Due to the interactivity of the event, places are limited (500 places) and will be allocated on a first come, first served basis.
This webinar will be hosted on Zoom. Please familiarise yourself with their T&Cs and Privacy Statement.
Please contact Gemma Warren (020 7397 3912) with any queries regarding this event.