Insurers argue furlough deductions permitted by policy wordings
Insurers finished their submissions to the Supreme Court on the issue of whether or not furlough payments are deductible from Covid-era business interruption claims payouts this morning (12 February), hitting back at arguments advanced yesterday by policyholders.
The issue, which lower courts have previously ruled on in favour of insurers, has reached the Supreme Court through appeals in two linked cases, namely those of Bath Racecourse v Liberty Mutual and Ga
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Commercial
Axa’s du Rostu: Why firms need a chief geopolitics officer
As conflict, sanctions and supply chain shocks reshape markets, Pierre du Rostu, CEO of AXA Digital Commercial Platform, says every companies may soon need a chief geopolitics officer to help leadership anticipate risk, connect fragmented insights, and navigate an increasingly unstable world.
Big Interview: Matt Williams, Allianz Trade
Matt Williams, UK and Ireland CEO at Allianz Trade, sits down with Harry Curtis to discuss how the insurer is putting its data to work, what’s driving demand for trade credit policies, and his thoughts on Trump’s tariffs and the UK economy.
Two-thirds of commercial properties underinsured
Underinsurance is shifting from a background industry concern to an issue that is directly affecting claims outcomes, according to Aviva’s latest Broker Barometer research.
FloodFlash co-founder and CEO exits
FloodFlash co-founder and CEO Adam Rimmer has stepped down after more than eight years at the helm.
FCA and PRA turn spotlight on MGA oversight
The Financial Conduct Authority and Prudential Regulation Authority are sharpening their scrutiny of managing general agents, stressing insurers must take primary responsibility for businesses underwriting on their behalf.
Ex-CFC duo Walsh and Newman launch insurance investment vehicle
Former CFC leaders Graeme Newman and David Walsh have launched a family office, Kantara Capital, to invest in early-stage financial services intermediaries.
Trade credit insurance proves vital amid tariff aftershocks
Allianz Trade UK and Ireland CEO Matt Williams has said that the insurers’ products are being used as a “sales development tool” in the wake of the sweeping tariffs introduced by President Trump’s US administration last year.
Diary of an Insurer: Geo Underwriting’s Kate Bush
Kate Bush, trading director at Geo Underwriting, is setting the digital agenda, drinking Yorkshire tea, catching up on how the lambing season is going and returning boats to water.