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'The first step': Business reacts to landmark Supreme Court ruling on pandemic insurance claims

City heavyweights said the ruling was a “validation” of the FCA and law firms’ hard work on behalf of small businesses ....

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Supreme Court 'substantially allows' FCA appeal on coronavirus insurance claims

In September, the High Court ruled on several ‘lead’ insurance policies issued by eight separate insurers largely in favour of the FCA. ....

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Supreme Court 'substantially allows' FCA appeal on coronavirus insurance claims | Wilts and Gloucestershire Standard

In September, the High Court ruled on several ‘lead’ insurance policies issued by eight separate insurers largely in favour of the FCA. ....

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Can I claim for Covid disruption on my business insurance

Published:
3:14 PM January 15, 2021

The UK s highest court has ruled on a landmark £1.2 billion legal battle over businesses’ ability to claim on insurance for coronavirus-related disruption.
- Credit: PA
The Supreme Court has “substantially allowed” an appeal in a £1.2billion legal battle, allowing firms to claim on insurance for coronavirus-related disruption.
The Financial Conduct Authority (FCA) last year brought a test case, which could affect around 370,000 businesses, over the wording of business interruption insurance policies, which some insurers argued did not cover the Covid-19 pandemic.
The City watchdog previously said it was bringing the legal action following “widespread concern” over “the lack of clarity and certainty” for businesses seeking to cover substantial losses incurred by the pandemic and subsequent national lockdown. ....

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Herbert Smith Freehills celebrates as UK Supreme Court backs businesses in Covid-19 insurance ruling

Herbert Smith Freehills celebrates as UK Supreme Court backs businesses in Covid-19 insurance ruling
15 January 2021
FCA wins fast-tracked appeal unlocking payments to 1,000s of businesses
Willy Barton; Shutterstock
The UK Supreme Court has ruled in favour of thousands of small businesses in the Financial Conduct Authority’s business insurance test case litigation, delivering a notable victory for the regulator s advisers, Herbert Smith Freehills (HSF).
The ruling will affect insureds and insurers alike impacted by pandemic-related business interruption losses. It follows a remote, expedited trial in July 2020 before a Divisional Court consisting of Lord Justice Flaux and Mr Justice Butcher.
The fast-track ‘leapfrog’ appeal hearing, from the first instance decision, heard remotely in November, was before a strong constitution of the Supreme Court, comprising its president, Lord Reed, Lord Hodge, the deputy president, and Lord Briggs, Lord Hamblen ....

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