On each of the last three Fridays the FCA has posted really important information about the business interruption insurance test case.
On Friday 15 January the content included the Supreme Court’s judgment that day, press releases and summaries of the decision. Last Friday saw the publication of the FCA’s Dear CEO letter setting its expectations of insurers and the release of a table indicating the outcome of the test case by policy type.
This week, policyholders are the regulator’s target audience, with the release of a policy checker tool and an FAQ web page for insured businesses looking “to find out if your insurance policy may cover business interruption losses caused by coronavirus (Covid-19) as a result of the FCA’s test case and what you can do next.”
Alistair Kinley, Director of Policy & Government Affairs