International law firm Bird & Bird today launches a COVID-19 Business Interruption insurance tracker which lets you see at a glance how regulators and courts in a variety of jurisdictions view insurance policies and the coverage claims that have already been made.
Businesses around the world have been affected by extensive disruption and/or closure as a result of the Coronavirus pandemic. This had led to enormous financial loss in addition to other economic and personal hardships. Many businesses have made claims to seek to recover these financial losses under their Business Interruption (BI) insurance policies.
Bird & Bird's Business Interruption insurance tracker is designed to help keep businesses up to date by providing a brief synopsis of the current position in key jurisdictions together with contact details of those who may assist with any queries you may have. The tracker currently covers Australia, France, Germany, Hong Kong, Spain, The Netherlands and the UK.
If you are part of a business with interests across the globe, at this time of continued uncertainty, click here to view the Business Interruption insurance tracker.
The High Court judgment on the FCA's expedited business interruption insurance test case, The Financial Conduct Authority v Arch and Others [2020] EWHC 2448 (Comm), was handed down on the 15th of September 2020. Click here to read the judgment and here to read our commentary.