COVID-19 : FCA Business Interruption High Court Update

Nick Elwell

The legal test case brought by the Financial Conduct Authority against various insurers started yesterday 20th July in the High Court.

The trail is set to take place over eight days, running from Monday 20th-23rd July 2020 and Monday 27th -30th July.

The FCA case involves 60 insurers, 700 different types of insurance policy wordings and an estimated 370,000 policyholders.

The FCA has produced an agreed list of issues and common ground which surmises what is and what is not in dispute between the parties involved with the case.

The FCA has also published ten sets of agreed facts, with supporting evidence, which the parties have agreed, and which are necessary to resolve the issues in dispute.  As well as a new set of assumed facts.