Further to its announcement on 1 May that it intended to seek a declaratory court ruling on common coverage issues arising in relation to COVID-19 business interruption claims, the FCA has now invited submissions from policyholders and intermediaries who would like their insurer to be considered for inclusion in the process.
Policyholders and intermediaries are invited to submit:
• arguments why they consider cover should be available, together with details of policies that they consider have not responded appropriately to a claim; and
• brief relevant facts of the case.
Any material for consideration is to be emailed to email@example.com by Wednesday 20 May 2020.
The FCA has committed to engaging openly with policyholders and their representatives at key stages of the process, and a dedicated web page has also been set up to provide information, updates and access to documents including court pleadings:
For further information contact firstname.lastname@example.org