FCA-insurer stoush over BI payout erupts in UK High Court

A stoush between UK’s Financial Conduct Authority (FCA) and insurers over cover for business interruption (BI) during the covid-19 pandemic has erupted before Lord Justice Julian Flaux and Justice Christopher Butcher hearing a test case in the British High Court to find clarity on the issue.

Insurers bracing for coronavirus losses

Businesses are increasingly forced to mitigate any potential effect from the coronavirus outbreak originating from Wuhan, China, which could have a serious effect on business as organisations are increasingly forced to mitigate any potential impact, US-based Crowell Moring (CM) warns.