Following the FCA Test Case result at the High Court earlier this year, insurers and the UK regulator have indicated they would take the disputed claims all the way to the Supreme Court.
Commenting on the news in the Financial Times, Sonia Campbell, Partner and lead for the Hospitality Insurance Group Action case said; “Rather than agreeing to abide by the court’s judgment and now pay claims, it is disgraceful that insurers continue to drag their feet and watch more and more of their own policyholders go to the wall.”
Richard Leedham, Partner and lead for the Hiscox Action Group, also explained that some businesses gained clarification that the downturn in their income after Prime Minister Boris Johnson announced a national lockdown should not be considered an underlying “trend” in their revenues when assessing claims. “This is very helpful for businesses that did shut when told to by the prime minister — it is very, very important.”
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