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.
https://www.fca.org.uk/news/statements/business-interruption-insurance-during-coronavirus [1]
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 biinsurancetestcase@fca.org.uk 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:
https://www.fca.org.uk/firms/business-interruption-insurance [2]