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Today the Supreme Court handed down its decision in Financial Conduct Authority v Arch Insurance (UK) Ltd and others. This case relates to claims for business interruption and has been expedited to the Supreme Court, which has now ruled on various standard policy wordings in a way which may permit claims for business interruption which were rejected by insurers to be pursued.
The Commercial Litigation team at Ramsdens welcomes the decision, as providing further clarity and opening the way for claims to be pursued, although the decision does not cover all business interruption insurance policies. Ramsdens have the necessary experience to be able to assist clients in dealing with these claims if insurers still refuse to pay.
January 18, 2021
Nick is a Solicitor and Partner and Heads our Commercial Dispute Resolution team.