High Court backs business interruption insurance

London

The High Court has ruled in policyholders' favour in the business interruption case bought by the FCA.

It is thought that claims worth around £1.2bn could be affected by the ruling, which was likely to be appealed.

The High Court looked at 17 policy wordings from eight different insurers - Arch, Argenta, Ecclesiastical, MS Amlin, Hiscox, QBE, RSA and Zurich - to decide whether Covid-19 triggered a business interruption insurance pay out.

Based on other policies that the FCA had studied, the

Nothing like a good cliffhanger… care to see how the story ends?

Subscribe today for unlimited access to Hospitality Insights.