FCA Test Case hearing concludes – key arguments and judgment details

COVID-19 FCA Test Case Update – defence and case management developments

Insurers have submitted their defences for the Financial Conduct Authority (FCA) Property Damage and Business Interruption (PDBI) COVID-19 test case while two groups representing policyholders have been allowed to intervene.

The rising risk of COVID-19 liability claims for employers

As lockdown measures are eased and many businesses begin to return to work, employers need to prepare for potential liability claims related to COVID-19.

Court to clarify Covid-19 business interruption insurance disputes

UK’s watchdog Financial Conduct Authority (FCA) is seeking a court declaration to resolve contractual uncertainty in business interruption (BI) insurance policy disputes related to the Covid-19 pandemic.

New UK rules help insurers tackle fraud

An amendment to the Civil Procedure Rules in the UK is including mandatory changes to statements of truth which are intended to reduce fraudulent claims.

Avoiding damage from County Court Judgments

County Court Judgments (CCJ’s) can limit a company's ability to obtain credit and damage relationships with suppliers. A proactive approach can avoid these negative consequences.

Ogden discount rate change falls short of expectations

The Lord Chancellor has changed the (Ogden) personal injury discount rate for England and Wales to minus 0.25% from minus 0.75% but the decision disappointed Insurers who were expecting a bolder move.

UK amends insurance motor liability rules

The UK government is restricting insurers’ ability to avoid liability to third party victims under the Road Traffic Act (RTA) after an accident has occurred.

UK court decision set to boost motor premiums

Motor premiums in the UK are likely to rise after a court decision adds liabilities to the Motor Insurers’ Bureau (MIB) which is ultimately financed by all insured motorists.