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Supreme Court judgment concludes FCA business interruption test case - FCA reports that more policyholders will have valid claims

United Kingdom - January 15 2021 Today the Supreme Court handed down its judgment in the FCA's Business Interruption (BI) test case. The judgment substantially upholds the appeals…

Court of Appeal overturns High Court’s refusal of Prudential’s annuity Part VII transfer to Rothesay

United Kingdom - December 3 2020 The Court of Appeal has overturned last year’s judgment preventing the proposed transfer of c.£12.9bn in annuity liabilities from The Prudential…

Covid-19 and business interruption: judgment in the FCA test case and its implications

United Kingdom - September 22 2020 On 15 September, the High Court handed down its judgment in the FCA's business interruption (BI) test case. The case concerned what cover, if any…

Judgment Handed Down in FCA Business Interruption Test Case: FCA reports that it largely favours policyholders.

United Kingdom - September 15 2020 This morning the High Court handed down its judgment in the FCA's Business Interruption (BI) test case. In a press release published in conjunction…

High Court Hearing of Business Interruption Test Case Concludes

United Kingdom - July 30 2020 Today, the High Court hearing of the FCA’s business interruption insurance (BI) test case reached its conclusion. Over the course of an 8-day hearing…