Last week saw the announcement from the Supreme Court of the results of an appeal by the Financial Conduct Authority and various insurance companies, to determine the effect of policy wordings on business interruption insurance.
The Supreme Court ruled in favour of policyholders, meaning many will now have claims for losses due to Business Interruption, as a result of the virus, paid out where policies had the notifiable disease or pandemic clauses.
The main issues that were resolved included:
What sort of…
