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Following the result of the FCA Business Interruption test case, with the High Court ruling in favour of some policyholders, insurers are now working through the impacts. Let’s not forget, this is no simple judgement, the level of complexity spans across 162 pages and 19 policy wordings. Insurers will be analysing the judgement, engaging with the FCA, taking account of the appeal process, and - most importantly – keep their customers informed as they navigate through what this means for them in the months ahead.
After postponing several of its consultations to allow both financial services firms and itself to focus on the response to Covid-19, the FCA has...
Last month the FCA published an open letter to CEOs of payment service firms (PSFs)