The UK High Court made its ruling on the Financial Conduct Authority's (FCA) test case on Tuesday. The test case covered 21 different types of policy wording by the eight insurers and 370 000 policyholders. On Tuesday, the UK court found in favour of the FCA on most key issues, such as whether Covid-19 triggered business interruption cover. READ | SA could have its own lockdown claims test casePublic loss adjustment firm, Insurance Claims Africa (ICA), said the key development that it hopes will influence SA is the fact that the UK Court has clarified that Covid-19, the lockdown and public response were a single cause of the covered loss. Meanwhile, Santam announced on Tuesday that it has paid the entire R1 billion relief it promised to give its smaller business interruption clients in July.

Source: News 24 September 15, 2020 19:24 UTC