Hiscox pegs Covid BI claims at ‘less than £100m’ after judgment
Hiscox expects to pay ‘less than £100m’ net of reinsurance towards business interruption claims, the insurer said in an update following a court judgment.
The judgment in the Financial Conduct Authority’s High Court BI test case was handed down today, with the judges siding with the regulator, representing 370,000 policyholders, on a “majority” of key
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