Insights: Ottilia Csoti

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Court ruling on FCA’s COVID-19 business interruption insurance test case

Alexander Wildschütz, Bree Taylor, David Weare, Christian Charles, Ottilia Csoti, Nadia Osborne, Michaela Patterson, Tim Reinhard |

The High Court has delivered its first test case judgment providing some certainty on the scope of insurance cover for businesses being hit by Covid 19.  Subject to any revision on appeal, this judgment is the authority to define the meaning of “occurrence” of a contagious disease such as the Covid 19 virus. The court […]


Update on clarification on Business Interruption Insurance Cover

Alexander Wildschütz, Bree Taylor, David Weare, Christian Charles, Ottilia Csoti, Nadia Osborne, Michaela Patterson, Tim Reinhard |

The FCA has now completed the first stage of providing clarity regarding the cover available to businesses affected by Covid-19. The FCA’s assessment following a review of the standard types of policies confirms our view that cover will in the majority of insurance products be limited to events of physical damage to the business premises […]


FCA asking courts for guidance on insurers' COVID-19 liability

Alexander Wildschütz, Bree Taylor, David Weare, Christian Charles, Ottilia Csoti, Nadia Osborne, Tim Reinhard, Alex Sandwell |

The Financial Conduct Authority (FCA) has requested several insurers to clarify their position on COVID-19 related business claims before seeking guidance from the courts by way of declaratory judgment. The FCA aims to create authoritative case law in anticipation of a flood of disputes over policy wording and COVID -19 cover. This step will indeed […]


Treating Customers Fairly: FCA and PRA guidance on treating customers fairly – Impact on commercial lending market

Charles Proctor, Ottilia Csoti |

Commercial lending mostly sits outside the FCA and PRA’s scope for regulation. However, though lending to business customers is generally not a regulated activity in the UK, due to the impact of the Covid-19 pandemic on businesses and particularly on SMEs, the FCA and PRA are collecting data, monitoring and publishing updated guidance in relation […]


Useful guidance for insured clients dealing with COVID-19 claims

Alexander Wildschütz, Bree Taylor, David Weare, Christian Charles, Ottilia Csoti, Nadia Osborne, Tim Reinhard, Alex Sandwell |

There has been a great deal in the press recently about insurers rejecting coronavirus claims and disappointed policy-holders. Some of those speaking publicly on behalf of the insurance industry have not done much to dispel the confusion and get to the nub of the issue. The issue is not one of what the insurer “intended” […]