Access Clauses News Today

To embed, copy and paste the code into your website or blog: A January 15, 2021, decision from the UK’s highest court spells good news for English policyholders. In The Financial Conduct Authority v. Arch Insurance (UK) Ltd., and others, UKSC 2020/0177, the Court held that 21 insurance policies sold by eight leading business interruption insurers provide coverage for losses resulting from COVID-19 and resulting public health measures taken by UK authorities. Approximately 700 types of polici...

Advertisement U.K. high court extends reach of business interruption coverage for policy holders – What do U.S. insurers need to know? Tuesday, January 26, 2021 Last week, the United Kingdom’s Supreme Court issued a landmark ruling (the “Judgment”) analyzing the extent to which business interruption coverage applies to losses caused by the 2019 novel coronavirus (COVID-19) pandemic and resulting government restrictions. In a ruling that bucked the trend of most American decisi...

Advertisement COVID-19: Insurance - The UK Supreme Court Judgment Brings Positive News for Policyholders in FCAs Business Interruption Test Case Tuesday, January 19, 2021 Background to the Test Case  Following a four day hearing in November 2020, the UK Supreme Court has handed down the appeal judgment in the test case brought by the Financial Conduct Authority (FCA) on behalf of UK based small and medium enterprises (SMEs) seeking clarity on the coverage provided by certain extensio...