Utility extensions - a repeat of the pandemic expectation issues

The FCA Test case showcased the range of different perceptions about the scope of disease cover. There are residual issues that are likely to litigate but we broadly know where we stand on the core issues. But misunderstandings about business extensions are not limited to disease covers – in particular, utility failure cover is provided generally on two fundamentally different bases (with a hybrid variant for good measure), threatens aggregation over a wide area if there were to be an extensive power outage, and would inevitably reveal misunderstandings about the extent to which the loss of internet sales might or might not be covered.

In the light of the above, this session will explore aspects of a power outage scenario and highlight the potential for further disputes mirroring that over covid-19.

Learning Objectives

By attending this webinar, delegates will be able to:

• Identify the different ways in which power failure is covered in the UK
• Appreciate the difficulties that might present if there were to be a power loss over a wide area
• Be aware that the expectation issues arising out of covid-19 cover may not be unique, and be emboldened to pursue clarity in policy wordings

Speaker Biography

Damian has over 25 years’ experience in commercial claims. Having qualified as a Chartered Accountant with KPMG in 1986, Damian had experience of forensic, insolvency, general audit and special investigation work prior to entering the loss adjusting profession in 1993.

Since then he has dealt exclusively with large and/or complex financial losses in the UK and overseas, representing both policyholders and insurers, and acting as an expert in commercial disputes. He has provided evidence in litigated cases for over a decade and has appeared in court as an expert witness.

As both a Chartered Loss Adjuster and Chartered Accountant he has experience of practical loss mitigation as well as the retrospective assessment of losses arising.

Interested, but can't attend?

Don't worry if you can't make the date/time of this webinar, it is being recorded. Please book a place as per normal and use the webinar link to access a recording post event.

Slides from this webinar are available to download below:

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