British Regulator Enlists 8 Insurers in Pandemic Test Case of Business Interruption Cover June 1, 2020 By Huw Jones and Carolyn Cohn Insurers including Hiscox, RSA and QBE will take part in a UK test case to decide whether their policies should...
UK Regulator Announces Pandemic Relief Measures for Insurance Customers May 15, 2020 The Financial Conduct Authority (FCA) announced a set of measures to help insurance customers who may be suffering financial difficulties...
UK Regulator Seeks Court Review in July to Resolve COVID-19 Insurance Dispute May 8, 2020 By Carolyn Cohn and Kirstin Ridley Britain’s Financial Conduct Authority (FCA) aims to get business interruption insurance policies examined by a court as soon as July,...
Two Law Firms Seek British Businesses to Join Biz Interruption Lawsuit Against Allianz May 6, 2020 Two law firms said on Tuesday they were gathering companies in Britain for a potential group lawsuit against German insurer...
UK Regulator Wants Courts to Clarify Wording of Disputed Business Interruption Policies May 1, 2020 By Huw Jones and Carolyn Cohn Britain’s financial watchdog said on Friday it would urgently ask the courts to clarify uncertainty over whether businesses can claim...
Many Insurance Policies Bought by Small UK Firms Don’t Cover Pandemic: Regulator April 15, 2020 By Huw Jones and Carolyn Cohn Most insurance policies bought by smaller UK companies do not cover disruption caused by the coronavirus pandemic, but those that...
Insurers Say Forced Payouts for Excluded Virus Losses Risk Destabilizing Industry April 6, 2020 By Simon Jessop World insurers told governments on Monday that making them pay out on losses suffered due to the coronavirus that were...
UK Regulator Warns Insurers to Have ‘Robust’ Coronavirus Contingency Plans March 19, 2020 By L.S. Howard The UK Financial Conduct Authority (FCA) reminded insurers on Thursday to have “robust” operational resilience and business continuity plans in...
Britain’s Financial Conduct Regulator Admits Data Breach February 25, 2020 Britain’s Financial Conduct Authority (FCA) has admitted an accidental leak of confidential information, including the names and some contact details...
U.K. Financial Services Firms Must Prepare for Failure of Brexit Trade Deal: Regulator January 24, 2020 By Huw Jones Financial firms in Britain should be ready in case no trade agreement is struck with the European Union by December,...