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‘Doing nothing is not an option’ following BI test case says ABI’s Huw Evans

By 2021-02-26T13:17:00

closed, covid

The director general admitted that communications to company owners regarding their business interruption coverage was ‘too harsh and too insensitive’ early on in the Covid-19 pandemic, and that cyber insurance is the next coverage insurers and brokers need to keep an eye on

In the wake of the Supreme Court’s judgment on the FCA’s test case surrounding the interpretation of business interruption (BI) policy wordings when applied to Covid-19-linked claims, the ABI’s director general Huw Evans said that insurers “have to learn the lessons” and that “doing nothing is not an option”.

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