The Financial Conduct Authority (FCA) today provided an update on the progress of its court action in relation to business interruption (BI) insurance policies.

This update gives further detail on the proposed court action, including identifying the representative sample of insurer policy wordings to be examined in the test case and which of those insurers will participate in the proceedings.

Gallagher welcomes the FCA’s decision to seek independent legal review on a selection of business interruption policy wordings. We hope that this will bring certainty and consistency for customers with regard to the assessment of their claims, something we fully support.

Read the full statement