Insurer concerns on lenders' insurance requirements
Finance agreements routinely set out how the lender’s interest in an asset, such as a commercial property, is to be secured in the borrower’s insurance policies.
Standard policies are unlikely to
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More on Commercial
The FCA sets out more detail on proposed court action on BI insurance
We’ve set out more detail on our proposed court action on business interruption insurance.
— Financial Conduct Authority (@TheFCA) June 1, 2020
This includes identifying the representative sample of policy wordings & those insurers we've invited, & have agreed, to participate.https://t.co/f53WiCjhMV #coronavirusuk #FCAupdate pic.twitter.com/QS2xkVPp5V
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