The UK Supreme Court has dismissed insurers’ appeals and substantially allowed the FCA’s appeal in the conclusion of the FCA test case litigation.
The result means significantly greater coverage of claims than following the High Court ruling. With the conclusion of the litigation, the focus will now shift to the adjustment and settlement of claims.
We take a look at some key practical and legal considerations for the insurance market, including issues to watch going forwards.
For background on the earlier ruling, see our article here.