Arch tells policyholders BI payments could be 'reduced to zero' if they wait for court judgment
Arch policyholders whose business interruption claims were confirmed to be covered by the insurer have been told that their payments could be “reduced to zero” depending on the outcome of the Financial Conduct Authority's test case.
In one case, an Arch policyholder was offered a payout amounting to less than half their estimated losses, but was warned that they may not even receive that amount if they delay settling the claim
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