FCA BI TEST CASE - THE JUDGMENT IS IN, NOW THE WORK BEGINS - AN OVERVIEW OF THE IMPACT ON OUTSTANDING AND REPUDIATED CLAIM
The FCA’s test case concluded on 30 July and the judges agreed to hand down their judgment mid September. Eight days were spent analysing countless policy wordings and individual words and their everyday meanings and the findings have now been released.
The full response from the FCA can be found at result-fca-business-interruption-test-case
Where do we go from here?
- What action do we as professionals now need to take?
- What impact will this judgement have on current claims, whether reported and declined or not yet reported?
Whatever action has to be taken to adhere to the ruling will have far-reaching consequences on insurers and brokers. Our first webinar will deal with the claims so far filed but not as yet accepted by the insurers.
We will run through the key points of the judgment, apply the judgment to two or three worked examples, highlight practical steps and open up for a Q&A.
By the end of the session you will be able to assess the viability of claims that are relevant to losses from the pandemic and consider what actions are required to ensure customers receive a decision in line with that judgment.
We are extremely lucky to have Adam Edwards presenting this very important Webinar CPD session. Adam is the immediate past president of our institute, having worked tirelessly in his year, 2019 to 2020, to maintain the level of social and educational events in support of you, the members. As you can see from his biog, he is extremely knowledgable regarding all things FCA as it applies to our profession.
Adam will be joined by Daniel Meyers, who works with Adam.
Both Adam and Daniel are part of the Freeths Team here in Nottingham and we are very grateful for their support, offering us thought provoking analysis of the judgment and its impact.
Partner - Freeths
Adam acts for both FCA authorised and unauthorised clients active in the financial services sector. His clients include fund operators and service providers, financial advisors, finance brokers, brokerage firms, insurers and insurance brokers.
He also advises on ongoing compliance obligations. Adam also has experience of supporting clients through FCA investigations and conducting financial services litigation, such as defending mis-selling claims.
Adam is listed as a Recommended Lawyer in the Legal 500 (2019 Edition).
Adam is also the immediate past president of the Nottingham Insurance Institute
Please ensure you have booked to join this session
Join Zoom Meeting
Meeting ID: 893 4678 5168
Associate - Freeths
Daniel Meyer acts for both FCA authorised and unauthorised clients active in the financial services sector.
Daniel advises on financial services regulatory issues for a range of clients and has experience advising clients on a broad range of financial services regulatory issues including ongoing compliance obligations.
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
1 hour's CPD can be claimed for this event if relevant to your learning and development needs.
It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.