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FCA business interruption test case—unrepresented policies

FCA business interruption test case—unrepresented policies
Published on: 14 December 2020
Published by: LexisPSL
  • FCA business interruption test case—unrepresented policies
  • Traditional business interruption policies
  • Unrepresented non-damage extensions
  • Insurers’ response
  • Construction and causation
  • Insured perils and relevant policy areas
  • Local only policies
  • Weighing it up

Article summary

Insurance & Reinsurance analysis: The Financial Conduct Authority (FCA) business interruption insurance test case was instigated and heard with remarkable dispatch. The judgment, running to over 160 pages, was issued on 15 September 2020. It was widely hailed as a victory for policyholders, but the reality is more nuanced because of the myriad differences between policy wordings—both within and outside the representative sample of policy wordings that were considered in the test case. or take a trial to read the full analysis.

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