COVID-19: FCA business interruption insurance test case | Practical Law
This note provides an overview of the FCA's High Court test case, and subsequent appeals, seeking legal clarity on the meaning and effect of certain business interruption (BI) insurance policy wordings. The aim of the test case was to resolve contractual uncertainty around the validity of many BI insurance claims related to the COVID-19 pandemic, and ensure policyholders are treated fairly by insurers and insurance intermediaries.