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15 January 2021 Insurance – Business interruption insurance – COVID-19 The Financial Conduct Authority (FCA) commenced the present test case under the Financial Markets Test Case Scheme (the scheme) for the benefit of insurance policyholders, who held insurance policies which covered them against losses arising from interruption of business, to urgently clarify whether or not there was cover in principle under a variety of different standard insurance policies for COVID-19 related business losses. The defendants were eight insurers who were leading providers of ‘business interruption’ insurance. The aim of the proceedings was to achieve the maximum clarity possible for the maximum number of policyholders and their insurers by considering a representative sample of standard form business interruption policies. The proper interpretation of four types of clauses in particular were considered, namely; (i) ‘disease clauses’; (ii) ‘prevention of access clauses’; ....
Top UK Court Rules Insurers Must Cover Lockdown Losses By Law360 is providing free access to its coronavirus coverage to make sure all members of the legal community have accurate information in this time of uncertainty and change. Use the form below to sign up for any of our weekly newsletters. Signing up for any of our section newsletters will opt you in to the weekly Coronavirus briefing. Sign up for our Commercial Litigation UK newsletter You must correct or enter the following before you can sign up: Email (NOTE: Free email domains not supported) Primary area of interest Thank You! ....
Business digest: Tauranga s Bayfair Shopping Centre wins in accessibility awards 20 Dec, 2020 10:01 PM 13 minutes to read Bay of Plenty Times For the fourth year in a row, Bayfair Shopping Centre has been awarded for having the most inclusive business practices in 2019/2020. The shopping centre also took out the New Build-Commercial category 2019/2020 for its development at the Tauranga City Accessibility Awards. Bayfair Shopping Centre has promoted social responsibility through a strategy to become more accessible by incorporating core values in all its social events and initiatives. The goal is to raise awareness of accessibility issues within the wider community. As part of its $115 million development project, the centre took the opportunity to install a fire evacuation visual alert system throughout the centre, mount Braille wayfinding signage across all amenities and update the store directory to include Braille for peopl ....