UK FCA to take UK Insurers to Court – C19 Update

With one noble exception, most Insurers with policy wordings that create cover for disease/business interruption have yet to confirm that they will be paying claims.

Worse still, many of them have issued formal repudiation letters to their policyholders.

It is shame that, at a time when the Nation is planning for recovery, several Insurers are running away from their contractual obligations to their clients.

This is not a uniquely Irish phenomenon however.

We note that the United Kingdom’s Financial Conduct Authority has indicated that they will be seeking a declaration from UK Courts¬†in order to obtain clarity on business interruption (BI) insurance and to resolve doubt for businesses who are facing uncertainty on their claims. See:¬†

We will continue to press these Insurers and remind them of the Central Bank of Ireland’s recent direction:

Although the Central Bank expects that most policy wordings are clear in terms of what cover is provided and what cover exclusions are in place, where there is a doubt about the meaning of a term, the interpretation most favourable to their customer should prevail.” 27 March 2020


1 May 2020


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