A statement for Marsh Commercial Clients
With reference to an announcement from the FCA on 15 May (https://www.fca.org.uk/news/statements/business-interruption-insurance-during-coronavirus) - inviting individual policyholders, who have been refused claims in relation to COVID-19 business interruption, to make submissions direct to the FCA by Wednesday 20 May.
Marsh will be providing a submission to the FCA and although this will remain confidential for obvious reasons, we will provide the FCA with summaries of certain key policy issues together with our own views and representations for clients.
As per the FCA guidance, our clients can make their own individual submissions direct to the FCA, as per their specific instructions, if they consider that course of action appropriate.
We advocate for our clients, and always work to achieve the best possible solutions and outcomes. We will continue to engage with the FCA process as it develops.