Motion text
This House expresses its concern that the Financial Conduct Authority (FCA) has advised insurers that they see no reason to intervene in cases where business interruption claims resulting from the covid-19 virus are not covered; notes that the fine print of many business interruption policies do not include provision for pandemics; further notes the reputational damage likely to be suffered by the insurance sector if payments are withheld; notes that many leading insurers have nevertheless cancelled their dividends; and calls on the Government to instruct all insurers to apply such dividends towards the settlement of insurance claims resulting from the covid-19 virus, and to negotiate with regulators and insurers as to how the balance will be paid to policyholders.
Signatures (13)
The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.
Edwards, Jonathan
Plaid Cymru
Signed on
20 April 2020
Dorans, Allan
Scottish National Party
Signed on
22 April 2020
Shannon, Jim
Democratic Unionist Party
Signed on
22 April 2020
Wilson, Munira
Liberal Democrat
Signed on
27 April 2020
Robinson, Gavin
Democratic Unionist Party
Signed on
27 April 2020
Thewliss, Alison
Scottish National Party
Signed on
4 May 2020
In addition to the sponsors, the following Members have signed to support the motion.
Lucas, Caroline
Green Party
Signed on
4 May 2020
Lake, Ben
Plaid Cymru
Signed on
4 May 2020
Stephens, Chris
Scottish National Party
Signed on
5 May 2020
Hill, Mike
Labour
Signed on
5 May 2020
Williams, Hywel
Plaid Cymru
Signed on
12 May 2020
Saville Roberts, Liz
Plaid Cymru
Signed on
12 May 2020
Russell-Moyle, Lloyd
Labour
Signed on
15 September 2020
There are no withdrawn signatures for this motion.