ID Podcast: The BI test case and a more interventionist FCA?
Insurance Day asked Clifford Chance for their key takeaways from the ruling, and what it will really mean for the insurance industry
Insurers face big payouts after a Supreme Court ruling earlier this year that they should pay disputed Covid-19 business interruption claims.
But what does the ruling suggest about the Financial Conduct Authority (FCA), which brought the test case, and its new approach to the insurance sector?
In this podcast, Insurance Day was joined by Philip Hill, a partner at Clifford Chance, and Christopher Ingham, a senior associate at the same law firm.
We discussed the FCA’s more interventionist approach, whether the ruling really did benefit policyholders as much as the industry believes and other key takeaways.
Press the play button above to listen to the conversation.