- Proving causation—business interruption insurance coverage amid coronavirus (COVID-19)
- What is the current situation as regards policyholders’ coronavirus business interruption insurance claims?
- Why is the meaning of ‘damage’ important to business interruption cover in relation to coronavirus?
- What hurdles do policyholders face in relation to causation?
- Could you briefly outline the different types of business interruption cover available, and how each is affected by the coronavirus pandemic?
- The FCA has recently sought legal clarity on business interruption insurance, as multiple group actions have been brought against insurers for refusing to pay out due to the coronavirus. What is the importance of this legal clarification and the class actions brought against insurers?
- How does the test case relate to the different types of business interruption cover available?
- What law firms are representing which groups in the other group actions and which insurers are they targeting?
Insurance & Reinsurance analysis: Steven Gee QC, commercial barrister and arbitrator, and Kristina Lukacova, barrister, both at Monckton Chambers, discuss coverage under business interruption insurance during the coronavirus (COVID-19) pandemic.
Sign in or take a trial to read the full analysis.
To continue reading this news article, as well as thousands of others like it, sign in to LexisPSL or register for a free trial