Allianz Update: FCA Business Interruption test case appeal outcome
Following today's announcement of the Supreme Court's ruling on the FCA's business interruption case we wanted to advise you of our next steps. Although Allianz was not a defendant in the test case, we welcome the clarity the judgment will provide and have continued to make payments on claims where we believe there is valid cover.
As you will appreciate, the content of the judgment is complex in nature and so we'll require some time to digest the points of law and understand how this will affect customers. We'll send a holding letter to all affected customers by 22 January in line with the FCA guidelines. Following this, a further letter will be issued detailing how the outcome of the judgment affects your customer's claim.
Where a claim has previously been repudiated, this decision remains unchanged.
New BI claims
For any customers who have not previously contacted us to make a BI claim but would now like to do so, they can continue to visit our Claims pages on our website.
For further information on Allianz's approach during the FCA BI test case, please continue to visit our website for the latest updates.
Thank you for your ongoing support as we work through the detail of this ruling.
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