MS Amlin To Work With FCA On BI Claims
MS Amlin Underwriting Limited has agreed to be one of the eight participating insurers in the Financial Conduct Authority test case court action, aimed at seeking legal clarity on business interruption insurance.
The company said, “We can confirm that MS Amlin Underwriting Limited [MS AUL], the Lloyd’s [re]insurer, has agreed to be one of the eight participating insurers in the Financial Conduct Authority [FCA] test case court action, aimed at seeking legal clarity on business interruption [BI] insurance.
“We are pleased to be working closely with the FCA and wider industry to find a solution to this important issue, with the shared objective of gaining certainty, swiftly for everyone involved.
“We take our responsibility to support our policyholders extremely seriously and understand the unprecedented challenges they and businesses up and down the country are facing as a result of Covid-19.
“We support the FCA’s move to collaborate with the industry and progress with the test case to lift the deadlock and uncertainty surrounding the payment of business interruption claims under these unique circumstances.”
