Clifford Chance
First hearing in FCA BI insurance coverage test case highlights issues for trial
25 June 2020
The first Case Management Conference (CMC) in the Financial Conduct Authority's (FCA) case on business interruption (BI) insurance coverage took place earlier last week.
At a day-long virtual hearing, the Court decided a number of important procedural issues including confirmation of the "test case" status of the claim against a group of eight insurers which the FCA hopes will resolve contractual uncertainty around BI policies as a result of the Coronavirus pandemic.
