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.
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.
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.
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.
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.
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.
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.