A ruling by Britain's highest court that allows insurers to cut payouts for claims based on COVID-19 furlough payments could affect how other types of government financial support will work in the future, lawyers say.
An approaching deadline for new claims for COVID-19 business interruption has prompted a series of last-minute court filings, but lawyers say that any fresh disputes will be narrow and likely to focus on complex questions not resolved by earlier test cases.
Insurers are likely to run again into the thorny question of whether aircraft grounded amid airport closures in the Middle East are already within the "grip of the peril" if leasing companies make claims for damages on canceled policies, lawyers said.
.jpg)
The Financial Conduct Authority has been given a lead role in targeting money laundering, crypto-assets and money transfer scams in a government fraud strategy involving multiple agencies, which lawyers expect will boost enforcement action and heap a new compliance burden on financial institutions.
Previous
Next
A ruling by Britain's highest court that allows insurers to cut payouts for claims based on COVID-19 furlough payments could affect how other types of government financial support will work in the future, lawyers say.
An approaching deadline for new claims for COVID-19 business interruption has prompted a series of last-minute court filings, but lawyers say that any fresh disputes will be narrow and likely to focus on complex questions not resolved by earlier test cases.
Insurers are likely to run again into the thorny question of whether aircraft grounded amid airport closures in the Middle East are already within the "grip of the peril" if leasing companies make claims for damages on canceled policies, lawyers said.
The Financial Conduct Authority has been given a lead role in targeting money laundering, crypto-assets and money transfer scams in a government fraud strategy involving multiple agencies, which lawyers expect will boost enforcement action and heap a new compliance burden on financial institutions.
-
May 06, 2026
National law firm HF said it has acquired healthcare specialist Hempsons in a move the firm said would help it expand into new practice areas.
-
May 06, 2026
Retirement savings adviser Isio said Wednesday it will acquire London-based financial technology business Collidr for an undisclosed sum, pending clearance from the Financial Conduct Authority.
-
May 06, 2026
Britian's pensions arbitration body has said it will expand its frontline casework teams by a fifth this financial year after improved performance results led to additional government funding.
-
May 06, 2026
A trade body for financial institutions in Europe has warned lawmakers that European Union-wide rules on shareholders rights fail to provide a single definition of shareholders, which could leave some deprived of their rights.
-
May 06, 2026
Businesses that offload pension liabilities to an insurance company often see a significant boost to their share prices, according to an analysis released by a broker on Wednesday.
-
May 06, 2026
Nordic insurance group Sampo said Wednesday that it will return €350 million ($412 million) to its shareholders in its latest share buyback program to reduce the number of its shares in the market.
-
May 06, 2026
The adoption of digital and artificial intelligence tools in the construction and infrastructure sector is increasing the risk of cyberattacks on companies in the industry, insurer QBE said Wednesday.
-
May 06, 2026
U.K. home insurers paid out £846 million ($1.2 billion) in claims during the first quarter of 2026, as rising repair costs and weather-linked damage nudged average outlays to record levels, the insurance industry's main trade body said Wednesday.
-
May 06, 2026
The U.K. retirement watchdog said Wednesday that pension bosses must now focus on their endgame plans, as it revealed that nine in 10 workplace benefit plans are now fully funded.
-
May 06, 2026
The Financial Conduct Authority said Wednesday that it is launching a review of the claims management market, following concerns that some companies and law firms are failing consumers.
-
May 05, 2026
Insurance giant Aviva has acquired specialist business DisasterCare Group, which connects insurers and customers with local disaster recovery and restoration suppliers.
-
May 05, 2026
Anthropic has launched a global services company with Blackstone, Goldman Sachs and Hellman & Friedman to help banks and other businesses, including in the U.K., invest in an artificial intelligence technology that Anthropic says has identified widespread cyber vulnerabilities.
-
May 05, 2026
Insurance broker WTW said Tuesday it has completed its acquisition of Cushon, a workplace pension and savings provider, from NatWest Group after getting the thumbs-up from the Financial Conduct Authority.
-
May 05, 2026
Arc Pensions Law said Tuesday it has hired lawyer Matthew Swynnerton, a partner at DLA Piper and the chair of the Association of Pension Lawyers.
-
May 05, 2026
Businesses could see rapid changes to their insurance as underwriters react to the wider economic effects of the war in the Middle East, an insurance broker warned Tuesday.
-
May 05, 2026
The European Union financial markets watchdog has launched proposals to simplify reporting on funds and broader transactions by slashing the regulatory burden on both businesses and national regulators.
-
May 05, 2026
More than 2 million motor insurance policyholders in Ireland will see much greater transparency on how their premiums are calculated after leading insurance bodies started implementing a new code designed to boost clarity, the Irish government has said.
-
May 05, 2026
Bakkavor Foods Ltd. has completed a £160 million ($217 million) full scheme buy-in with its pension program, securing the retirement benefits of the plan's 2,216 members, U.K. pensions insurer Rothesay said Tuesday.
-
May 01, 2026
An aircraft leasing company has settled its $40.5 million claim against insurer AXA for aircraft currently stranded in Russia since the beginning of the war in Ukraine.
-
May 01, 2026
Reforms to workplace and private pensions should complement but not replace public retirement savings systems in Europe, an official European Union advisory body warned Friday, amid growing moves across the bloc to improve access to supplementary pensions.
-
May 01, 2026
The past week in London has seen a Swiss energy trader bring a Financial List claim against shipping benchmarking company Baltic Exchange, law firm Slater and Gordon sued by a former client, Slack and Salesforce hit Microsoft with an antitrust claim, and Stephen Fry bring a personal injury claim after he broke bones falling off a stage. Here, Law360 looks at these and other new claims in the U.K.
-
May 01, 2026
Insurers could be forced to hike prices for bulk purchase annuity deals as a result of a crackdown by regulators on risky forms of offshore reinsurance, analysts said Friday.
-
May 01, 2026
The government must ditch the triple lock and radically reform the wider state pension system, a think tank said Friday.
-
May 01, 2026
Motor insurance premiums in Britain remained broadly unchanged in the first three months of 2026, but rising vehicle repair costs continue to pile pressure on both insurers and drivers, according to the Association of British Insurers.
-
May 01, 2026
A government-backed flood reinsurance program managing more than £1 billion ($1.36 billion) in assets has picked an Aberdeen Group subsidiary to act as its sole asset manager, the business has said.