Last week the High Court handed down its decision on the FCA's business interruption test case. In this article, I summarise the judgment and share my views on the impact that this might have on the property industry.
| less than a minute read
A glimmer of hope for some business interruption policyholders
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For now, the High Court decision is good news for many non-damage BI policyholders and is helpful in establishing some broad principles, but the key message remains that the specific wording of any policy will be critical.
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After a prolonged and delayed legislative gestation period new developments in England will now have to provide a 10% net gain in...
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