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ARTICLE · 06 JULY 2020

Update On UK FCA Business Interruption Test Case

Arthur Cox
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Hi, my name is Niall Guinan and I am an associate in the Insurance and Reinsurance team in Arthur Cox.

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Arthur Cox
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In this audio briefing, Niall Guinan, Associate in the Insurance and Reinsurance Group, discusses developments in the UK in relation to the contested area of business interruption insurance policies in light of the current pandemic crisis.

Transcript

Hi, my name is Niall Guinan and I am an associate in the Insurance and Reinsurance team in Arthur Cox. In this audio briefing, I will be discussing developments in the UK in relation to the contested area of business interruption insurance policies in light of the current pandemic crisis.

The UK Financial Conduct Authority (FCA) has launched a Test Case to resolve contractual uncertainty as to whether losses arising from COVID-19 are covered by business interruption insurance policies containing such wording.

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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