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News: QBE UK watchdog sets out measures on business interruption policies

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    May 1 (Reuters) - Aviva PLC AV.L :

    • FCA SEEKS LEGAL CLARITY ON BUSINESS INTERRUPTION INSURANCE
    • IT IS ALSO PROPOSING A SERIES OF MEASURES TO SUPPORT BOTH CONSUMERS AND BUSINESSES WHO HOLD INSURANCE PRODUCTS
    • PACKAGE OF MEASURES SETS OUT FCA'S EXPECTATIONS THAT INSURANCE FIRMS SHOULD CONSIDER WHETHER THEIR PRODUCTS STILL OFFER VALUE
    • FCA SAYS THERE REMAIN A NUMBER OF BUSINESS INTERRUPTION POLICIES WHERE IT IS CLEAR THAT FIRM HAS AN OBLIGATION TO PAY OUT ON A POLICY
 
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