Crawford & Company expands business interruption claims capabilities following UK Supreme Court ruling
Crawford & Company (NYSE: CRD-A and CRD-B), the world’s largest publicly listed independent provider of claims management and outsourcing solutions to carriers, brokers and corporations, has gone live with its new, business interruption (BI) claims portal on Monday 18 January. This new portal facilitates the processing of BI-related claims following the recent judgement passed down by the UK Supreme Court.
On January 15, 2021, the UK Supreme Court issued its judgment in the COVID-19 business interruption test case brought by the UK Financial Conduct Authority (FCA). The test case was designed to help provide clarity around business interruption cover following a surge in related claims resulting from the impact of the coronavirus pandemic. The ruling found substantially in favour of the FCA’s argument that clauses relating to 'disease' and 'prevention of access' in a sample of policies meant that such coverage did apply in the case of COVID-19.