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FCA’s policyholder outreach on business interruption insurance

2 June 2020: as the FCA progresses its legal test case on business interruption insurance policy wording, there is an opportunity for policyholders to speak to the FCA’s legal advisers.

The Financial Conduct Authority (FCA) published an update to their business interruption insurance test case on 1 June 2020. 

The update stated that businesses holding a business interruption insurance policy where claims being disputed are invited to comment on four key areas by 3pm on Friday 5 June by emailing biinsurancetestcase@fca.org.uk, stating the name of the relevant insurer in the subject line of the email.

The four key areas are:

Businesses can also make an appointment to speak to the FCA’s legal advisers, Herbert Smith Freehills on 3 or 4 June by emailing Herbert Smith Freehills directly at FCA@hsf.com stating 'Consultation' in the subject line of the email and stating availability in the body of the email.