Insurance

Tuesday's landmark ruling means that insurers should now pay out for business interruption claims that had previously been rejected.

The high court ruling on business interruption insurance policies suggests Covid-19 claims should be paid in most cases where policies had pandemic or notifiable disease clauses.

As the Financial Conduct Authority (FCA) prepares to file its action in the High Court to seek clarification on the interpretation of business interruption policy wording, businesses have been urged to “act without delay” to provide details of their policy[...]

The eight insurers who will take part in High Court test cases to determine if their business interruption policies should cover losses linked to the Covid-19 pandemic have been named.