Relevant Policy Area News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To print this article, all you need is to be registered or login on Mondaq.com. The Supreme Court is still considering the Financial Conduct Authority's (FCA) test case regarding the validity of business interruption insurance policies wordings, with a decision to the crucial issue now promised in the New Year.  The FCA clearly recognises that many businesses are suffering severely due to the closure or reduction of their ability to trade due to the coronavirus.  The announcement that more areas, including London, are to incorporated into the tier three bracket of r...

To embed, copy and paste the code into your website or blog: On 11 December, the Financial Conduct Authority published draft guidance on how the presence of COVID-19 can be proved where that is a necessary element of establishing a business interruption claim on a property damage policy. The draft has been launched as a consultation exercise, with the period for comment ending on 18 January 2021. In mid-November, the UK Supreme Court heard appeals on a number of issues in the FCA’s COVID-19 business interruption insurance test case. The Supreme Court has just announced that its judgment wil...