Analysis

FCA test case ruling sends shockwaves through insurance industry

By David Blackman 2021-01-29T12:31:00

Waves crashing

The outcome of the FCA business interruption test case appeal will create a series of intended and unintended consequences for insurers and policyholders alike

Blows don’t come much bigger than that meted out to the insurance industry by the Supreme Court in mid-January.

Insurers will be collectively hundreds of millions out of pocket following the keenly awaited verdict on the appeal against the High Court’s ruling last September in favour of the Financial Conduct Authority’s Covid-19 business interruption test case.

Read more…

You need to register to continue reading the rest of this article and more for free.
(If you’re already registered, please sign in here.)

REGISTER NOW FOR FREE

We’re glad you’ve chosen Insurance Times as your source for industry news and hope you’ve been enjoying reading articles from our award-winning team of journalists.

Gain access to more of our exclusive, breaking stories, interviews and news analysis as it happens. Registering is quick, easy, free, and will also have the additional benefits:

  • Uncover Secrets: Dive deep with exclusive annual reports, fueled by expert insights.
  • News That Matters: Award-winning coverage & analysis, delivered to your inbox.
  • Stay Ahead, Your Way: Daily or weekly - choose your news rhythm.
  • Own Your Learning: Curate your knowledge with a personalized library.

Register for FREE now and Keep Reading

Stay on top of the insurance game with our subscription! Get unlimited access to over 80,000 articles, in-depth analysis, exclusive reports by industry experts, and our Five-Star rating system to compare companies and find the best fit for your business needs - view subscription options.