Legal

DXC’s Xchanging backs down from rules that appeared to put the kibosh on any placement that had Cuban or Iranian exposure.

Insurers involved in the Financial Conduct Authority (FCA)’s test case for BI disputes have contested the regulator’s assertion that the Covid-19 outbreak was the proximate cause of insureds’ losses.

The settlement prevents insurers from pegging claims developed over years of exposure to a reinsurance policy year of their choosing.

The regulator says it is reasonable to rely on Imperial and Cambridge models as a form of evidence.

The insurance industry's early victory could set a precedent for the many pandemic-related disputes in train.

Expert testimony will be needed on vicinity point if FCA opts not to amend its original argument by Friday.

Assessments of how closely UK rules mirror those of the bloc look set to remain mired in politics.

The latest damaging D&O loss comes as the market hardening continues to accelerate.

The campaign group wins the right to intervene in the key BI Covid-19 action.

The PRA and the FCA will have to pay heed to the cumulative effect of regulation on business as part of upcoming changes.

In robust arguments carriers dispute the causation of losses and the nature of specific wordings.

The group claims policyholders are not represented in the regulator’s legal action.