South African regulator studying UK court ruling on business interruption

Western Cape High Court, Cape Town. Credit: Wikimedia Commons

South Africa’s Financial Sector Conduct Authority (FSCA) is studying the UK court ruling on business interruption (BI) policy wordings, in which the UK decided some 370,000 policyholders were entitled to claim payments. Claims will depend on the precise wording of each policy, but the UK ruling gave clarity as to how BI policies should work in the Covid-19 environment. The…

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