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In a recent opinion, the UK Supreme Court has found coverage for
business interruption as a result of business closures incident to
the Covid-19 pandemic. While some may see that decision as support
for coverage suits in the United States, the decision is a reminder
why policy language is so important.
The UK Financial Conduct Authority ( FCA ) was
established on April 1, 2013 and is the conduct regulator for
nearly 60,000 financial services firms and financial markets in the
UK. The FCA brought a test case suing eight insurers with 21 policy
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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 decisions on the topic, the U.K. Supreme Court found that some losses caused by COVID-19 and consequent local or national restrictions should be covered by business interruption coverage.
The FCA Ruling
January 25, 2021, 9:41 am
Constitution Secretary Mike Russell said the Scottish Government will defend its position in court if challenged (Fraser Bremner/Scottish Daily Mail/PA)
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Taking the Scottish Government to court over the holding of another independence referendum would not be a “good look” for the UK Government, the Constitution Secretary has said.
The SNP on Saturday released an 11-point “roadmap” to an independence referendum, which said another vote could be held if a pro-separation majority is returned to Holyrood in May, even if the necessary Section 30 order is not granted.
Boris Johnson hits out at Nicola Sturgeon s Indyref2 plan and hails visible benefits of our wonderful Union
Johnson hits out at Sturgeon s Indyref2 plan and hails visible benefits of our wonderful Union BORIS Johnson has hit out at Nicola Sturgeon and the SNP over their plans for a second Scottish independence referendum, saying people wanted to see a focus on beating the pandemic, as he insisted the benefits of “our wonderful Union” were there for all to see. At the weekend, the Nationalists announced that if they won the May Holyrood poll, they would seek to hold Indyref2 once the pandemic was over and challenge the UK Government to contest their right to do so in the court.