UK regulator FCA seeks court clarity on virus business interruption claims


The UK’s Financial Conduct Authority (FCA) has confirmed that it intends to seek legal clarity on business interruption (BI) insurance to resolve doubt for businesses who are facing uncertainty on their claims. The British Insurance Brokers' Association (BIBA) and the Chartered Insurance Institute (CII) have welcomed the move.

FCA, BIBA, CII, Business interruption, Claims, Insurance, Reinsurance, Christopher Woolard, UK

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