- FCA finalised guidance on the coronavirus (COVID-19) business interruption insurance test case
- Original news
- SME business interruption insurance and coronavirus
- The FCA’s business interruption test case
- FCA business interruption finalised guidance—three key workstreams for insurers
- FCA business interruption Feedback Statement FS20/8
- What the business interruption FCA test case means in practice for relevant insurers?
- Review of BI policy wordings
- Review of all claims/complaints relating to relevant BI wording
- Review of rejected/reduced potentially affected claim/complaints
- Other key considerations for affected insurers
- Policyholder updates
- Third party administrators and appointed representatives
- Practical next steps—coronavirus business interruption test case
Financial Services analysis: Partners Alison McHaffie and Tristan Hall, Of Counsel Neil Beighton and Senior Associate Sarah Brook of CMS, analyse the finalised guidance of the Financial Conduct Authority’s (FCA’s) expectations for insurers and insurance intermediaries in relation to its High Court test case on business interruption (BI) insurance policies and whether losses caused by coronavirus (COVID-19) are covered.
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