Frustrated policyholders call for insurers to ‘take responsibility’ after Supreme Court rules many are due payouts
Policyholders and their representatives have called for insurers to “take responsibility” and “immediately start paying claims” in the wake of a bittersweet the Supreme Court’s judgment on disputed coronavirus-related business interruption policies.
Some business interruption policyholders are looking to claim damages under the Enterprise Act (2006) for late payouts, following the Supreme Court's verdict in the regulator's test case.
Insurers have been found hugely wanting by a business interruption judgment that is a victory for common sense. But the struggle is not over yet, for them or their customers.
For the Record: The week in deals featuring Allianz, Clyde & Co, Convex, Gallagher, Howden, Kennedys, LV, New Dawn Risk and Woodgate & Clark
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
- Briefing: BI ruling a self-made catastrophe for insurers
- Live: Supreme Court rules largely in favour of policyholders in FCA's BI test case battle
- Intelligence: Hard market times are here
- Hiscox response to BI ruling 'misleading' says Mishcon lawyer
- RSA employee reps seek ‘urgent’ clarity on takeover redundancies
- The Supreme Court BI test case judgment in summary
- Price hikes predicted as Supreme Court overturns Orient Express in BI ruling
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Six up-and-coming claims managers, six ambitious candidates, all with one aim, to be crowned Claims Apprentice 2020. But who will be victorious?
Post, in association with Sønr, indexes the businesses driving the innovation across the market, some offering solutions to accelerate corporate activity, others paving their own futures.
A series of video casts brought to you by Insurance Age and Insurance Post while our journalists are in isolation lockdown looking at the major topics of the day