BI test case decision is ‘conclusive judgment in favour of policyholders’

gavel, books

Industry expert says the verdict is ‘no surprise’, however the industry is ‘nowhere near the finishing line’ as insurers now need to reassess their business interruption policy wordings

Yesterday’s ruling on the FCA’s test case into the interpretation of non-damage business interruption (BI) policy wordings in relation to claims caused by the Covid-19 pandemic is “a conclusive judgment in favour of policyholders” that does not need “further filleting” according to Branko Bjelobaba, principal at general insurance FCA compliance consultancy Branko Ltd.

Read more…

(If you’re already a subscriber, please sign in here.)

Get access with a 14-day free trial

This article is usually available exclusively to subscribers.

Subscribe for full access - Take out a print and online or online only subscription

For a limited period, you can enjoy all the benefits of an online subscription free for 14 days. Sign up now to read this article in full and to enjoy unlimited access to premium online content, a digital edition of the latest issue, plus an online archive of back issues.

Also, as a registered user, you will be able to -

  • Access unlimited breaking industry news as it happens
  • Sign up to a choice of daily and weekly newsletters

Register to view free premium content