In January, the final ruling on the appeal of the Financial Conduct Authority’s (FCA) business interruption case came down in the UK, creating waves in the global insurance industry as many markets make similar considerations on how and when BI will apply in regards to the pandemic.
While the ruling went the way of insureds and not insurers, there will still be some reverberations of this decision in the United States, where courts have generally ruled in favor of insurers on BI cases.
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