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Tag Archives | Business Interruption

court-guidelines

UK’s Business Insurance Ruling – FCA provides guidance for insurers

Following the legal certainty it sought on business interruption claims, it is to be hoped that the FSCA will follow the example of the UK regulator in quickly setting guidelines and principles for insurers to ensure fair treatment of clients. The UK judgment on business interruption insurance resolved several key contractual uncertainties and issues surrounding […]

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insurance-claim

Business Interruption Insurance – Indemnity period now the bone of contention

Whilst the UK Supreme Court will deliver its judgment on the FCA test case on Business Interruption Insurance policy wordings tomorrow morning, South African insurer Santam commenced with a process for settling Covid-19 business interruption claims. Earlier this month the FSCA announced that it expects the non-life insurance industry to honour its CBI cover obligations […]

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