English Supreme Court Confirms Broad Application of Business Interruption Policies to COVID-19 Losses | Jones Day
The latest ruling by the UK's Supreme Court is a victory for policyholders. Following the High Court's September 2020 Judgment in the COVID-19 Business Interruption Test Case ("Test Case") brought by the UK Financial Conduct Authority ("FCA"), the UK's Supreme Court ruled on 15 January 2021, that all the insuring clauses reviewed will provide cover for business interruption caused by the COVID-19 pandemic. This is the final word on the meaning of the various business interruption clauses considered. While there are ongoing disputes between policyholders and insurers regarding whether COVID-19...
Source: jdsupra.com