Policyholders succeed in UK Business Interruption Test Case at first instance

September 29, 2020

On 15 September 2020, the England and Wales High Court handed down its judgment in the highly publicised business interruption test case: The Financial Conduct Authority v Arch and Others [2020] EWHC 2448 (Comm). This judgment is a significant development for property insurers underwriting risks in the United Kingdom, with the Court finding that cover is potentially available under a suite of property insurance policies for business interruption losses sustained on account of the COVID-19 pandemic. The judgment will be of significance to insurers who have underwritten business interruption risks in the United Kingdom and will therefore most likely be appealed. The decision may also be considered closely by Australian courts considering similar claims in the future, particularly in disputes about the proper application of ‘trends clauses’. https://www.gclegal.com.au/limelight-newsletters/policyholders-succeed-in-uk-business-interruption-test-case-at-first-instance/

2020 Bright Light Award is now open!

September 29, 2020

Do you have an idea on a topic related to general insurance claims that you want the industry to hear? @TurksLegal and @ANZIIF invite you to pitch your idea or opinion on an issue in general insurance claims; big or small, specific to an area of claims or something that applies to general insurance claims as a whole, via a short video, written submission or voiceover of images in PowerPoint, either as a team or as an individual. Get your idea out there and you could win prizes valued up to $6,500, including $5,000 cash! Watch the interview with 2019 Award winner Tracey Hind of Insurance House talking about her innovative idea, why she chose to present her idea via video and how she created it, as well as her tips for anyone considering entering! https://www.turkslegal.com.au/turkslegal/bright-light-award-interview-2019-winner The Award is open to all Australian residents. Applicants must work directly in a capacity connected with general insurance, and be based in Australia. For full entry requirements, terms and conditions click here: https://www.turkslegal.com.au/TurksLegal/Scholarship/bright-light-award Applications close 5pm AEST on Tuesday, 13 October 2020.

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