UK BI test case ruling could have far-reaching ramifications for insurers, warns Fitch

18-01-2021

Ratings agency Fitch has determined that the ratings of UK non-life insurers are likely to be unaffected by the Supreme Court ruling on the validity of business interruption (BI) claims related to COVID-19 pandemic, but warned of "far-reaching ramifications" for insurers who have relied on the 2010 ruling for the past ten years.


Fitch, Insurance, Reinsurance, Non-life insurance, Supreme Court, Business Interruption, Claims, COVID-19, UK

Intelligent Insurer