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  • Dispute face to face in chess

    The Supreme Court delivered its keenly-anticipated judgment in the FCA’s Test Case on non-damage business interruption (BI) cover for losses arising from the COVID-19 pandemic on 15 January 2021. The judgment is the culmination of expedited proceedings brought by the FCA to clarify cover under a range of sample BI ...

  • Chess game image

    Context Without Part VII transfers the UK life market would be very different. Once a Part VII transfer is effective, it will transfer retail policies, buy-in contracts, reinsurance and other connected contracts, assets and liabilities, without the interested parties being able to opt out. Policyholders with the right to withdraw ...

  • businessman reading document

    At different stages in the COVID-19 pandemic, we have considered the impact on the reinsurance market. Most recently (see our Law-Now), we considered the likely implications of the “second wave”, a concern which has sadly moved from the realms of speculation to reality. The impact on the upcoming renewal season ...

  • lady justice sunset

    The much-awaited decision in the FCA’s High Court test case in relation to non-damage business interruption (BI) insurance policies and their response to the COVID-19 pandemic was published yesterday (15th September 2020) (the Judgment). The 162 page decision is indicative of the degree of complexity that the Judges found in ...

  • abstract water drops

    On 17 June, the FCA published finalised guidance setting out the regulators’ expectations for insurers and insurance intermediaries when handling claims and complaints for business interruption (“BI”) policies during the test case. The guidance comes into immediate effect. The finalised guidance largely mirrors the draft version, which is discussed in ...

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