UK Seeks to Reform How Motor, Home Insurers Treat Loyal Customers September 22, 2020 The Financial Conduct Authority has set its sights on revamping the UK motor and home insurance marketplace to help customers,...
FCA to Insurer CEOs: Don’t Delay in Paying Valid COVID Business Interruption Claims September 21, 2020 In a follow-up to the High Court’s ruling on coronavirus-related business interruption claims by businesses, the UK’s Financial Conduct Authority...
Financial Conduct Authority Hails Business Interruption Ruling as Policyholder Win September 15, 2020 The Financial Conduct Authority said today’s High Court judgment in its coronavirus business interruption insurance test case found in favour...
Insurers, Policyholders, Analysts React to UK’s COVID-19 Business Interruption Ruling September 15, 2020 Insurers and observers are weighing in on the ruling by a London court in a test case brought by Britain’s...
London Court Rules Some Insurers Should Not Have Denied Business Interruption Claims September 15, 2020 By Carolyn Cohn and Kirstin Ridley London judges have ruled that some of the world’s biggest insurers were wrong to reject tens of thousands of claims...
Major UK Ruling on Business Insurance for COVID-19 Claims Expected Tuesday September 14, 2020 By Benjamin Robertson and Lucca de Paoli Insurers battered by coronavirus are about to find out how much worse the damage could get. A London court is...
UK Regulator Warns Insurers to Fairly Calculate COVID-Related Biz Interruption Claims August 4, 2020 Insurers that do not treat customers fairly when calculating payouts for business interruption due to the coronavirus crisis will face...
Celebrating Insurers Warned Michigan COVID Ruling Not Knockout Punch They Wanted July 29, 2020 By Susanne Sclafane A recent ruling from a Michigan judge that business interruption claims payouts require tangible alteration to a property may have...
Update: COVID-19 Business Interruption Claims Take Center Stage in London Court Case July 20, 2020 By Lucca de Paoli and Benjamin Robertson UK financial regulators took aim at insurers’ attempts to compare the coronavirus lockdown to government warnings on cigarettes and alcohol,...
Biggest Uncertainty for UK Insurers Remains Around Business Interruption Claims: BoE July 9, 2020 By Carolyn Cohn and Huw Jones The biggest uncertainty now facing insurers is whether they will have to pay for a raft of business interruption claims,...