Further news on FCA business interruption insurance test case

On 10 June the regulator provided an update on the BI test case, having initiated declaratory proceedings on 9 June as planned. The update covers a wealth of material, including the claim form, the particulars of claim and further information on the factual hypotheses against which the sample business interruption policy wordings are to be tested.

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FCA: a regulator focusing on mitigating customer and market impacts of coronavirus

The financial regulator generally publishes its business plan in early spring. The plan for 2020/21 was released this week and is dominated by its approach to protecting customers and promoting stable and efficient markets during the coronavirus pandemic. It also highlights the challenges facing the UK financial services regime as we move towards the end of the EU transition period and summarises the particular scrutiny it will bring to bear on the main parts of the financial services sector, general insurance being one.

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FCA & CMCs – regulator calls on CMCs to improve advertising behaviours

On Friday 23 August the FCA issued a fairly sharply-worded press release entitled ‘Claims Management Companies must raise advertising standards’, which begins with a summary of the rules which the regulator will apply when considering advertising material used by CMCs.

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