The judgment today in the Supreme Court on the FCA’s business interruption test case substantially allowed the FCA’s appeals and dismissed the insurers appeals and is good news for those businesses that had purchased an unspecified diseases extension.
The judgment brings clarity for many customers whom have been waiting to find our if their claims will be paid.
The ABI has indicated that: “Customers who have made claims that are affected by the test case will be contacted by their insurer to discuss what the judgment means for their claim. All valid claims will be settled as soon as possible and in many cases the process of settling claims has begun.”
Our team is available should you want to discuss anything arising from this judgment