The COVID-19 (coronavirus) pandemic has had an unprecedented impact on economic activity with businesses in the UK experiencing slowdowns or shutdowns as a result of government action to prevent or slow disease transmission. This has given rise to claims from insureds for lost business income. This is not unique to the UK, but the UK deserves special attention as its conduct regulator, the Financial Conduct Authority, has used its powers to launch a test case concerning a number of sample business interruption insurance policies from 8 insurers. Somewhat surprisingly, the first instance decision in this case found in favour of the insureds on a number of key points. We will discuss this test case, the progress of the appeal brought by the insurers and the case's wider application (along with the limitations on that application). The discussion will not only focus on the impact of this decision in the UK but also on comparisons and learning points that can be drawn in other jurisdictions.     

Speakers

• Michael Calladine, Associate, Dentons, London
• Katharine Harle, Partner, Dentons, London  

CLE Information

Pursuing CLE credit in CA, IL NJ, NY, and VA.

Presentation materials

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Contact

To register or for questions, please contact Justine Gershak at justine.gershak@dentons.com.