Insurance
1863 Restaurant with Rooms wins six-figure coronavirus insurance payout
A Lake District restaurant and hotel has won a six-figure coronavirus insurance payout for business interruption following a landmark court ruling on the issue.
Axa declines to appeal Corbin and King insurance judgment
Insurer Axa has announced that it will not appeal the judgment handed down last month regarding Corbin & King restaurant group, leaving hospitality businesses hopeful of recouping some losses.
Corbin & King insurance ruling could lead to higher pay-outs for other hospitality businesses
Corbin & King wins High Court battle over business interruption insurance
Rare Restaurants joins battle for Covid insurance payout
Covid insurance battle: 38% of approved claims still unpaid by insurers
Some 38% of policyholders told they were entitled to insurance payouts for coronavirus disruption have yet[...]
Business interruption insurance: Hiscox claimants secure £5.2m payout
The 72 Hiscox business interruption insurance claimants affected by the Supreme Court FCA Test Case have[...]
Hospitality operators gear up for extended legal battle over coronavirus insurance payouts
Thousands of hospitality businesses are still fighting to secure insurance payments for coronavirus disruption, with many[...]
Inception Group to launch legal action against Axa over business insurance
Inception Group has said it has been “left with no choice" but to pursue legal action[...]
Black and White Hospitality launches legal action against insurers
Black and White Hospitality has launched further group action against its insurance company as part of an ongoing fight to secure a payout through its business interruption policies."
Business interruption insurance: Hiscox makes initial settlement offers
Late night leisure broker NDML has received the first settlement offer for its clients involved in the Financial Conduct Authority (FCA) test case over business interruption insurance.
Calls for government-backed pandemic insurance scheme to protect businesses
An MPs report has called for the creation of a government-backed insurance scheme to give hospitality and events businesses a safety net in case of future lockdowns.
Brighton Pier Group receives £1.4m business insurance pay-out
The Brighton Pier Group has received £1.4m from its insurers to cover business interruption losses related[...]
Coronavirus insurance Q&A: What the Supreme Court ruling means for hospitality
Hospitality insurance specialist Steven Swift of Sector Associates, which works with trade bodies including UKHospitality, gives[...]
Thousands of hospitality businesses still struggling to secure insurance payouts
Thousands of hospitality businesses are still struggling to secure insurance payouts for Covid-19 disruption, three weeks[...]
Covid insurance ruling: fewer than one in 10 policies expected to pay out
Fewer than one in 10 business interruption insurance policies held by hospitality operators are estimated to[...]
Supreme Court ruling removes 'roadblocks' to business interruption payouts
Thousands of hospitality operators have been thrown a lifeline after the Supreme Court ruled in favour of policyholders in a landmark business interruption insurance case."
Date set for Supreme Court business interruption insurance ruling
The Supreme Court ruling on whether insurers' policy-wordings means they should pay out for business interruption claims related to Covid-19 is due to be announced on 15 January.
NTIA ‘cautiously optimistic’ for Supreme Court business insurance ruling
The Night Time Industries Association (NTIA) and bars and nightclubs broker NDLM have said they are ‘cautiously optimistic’ regarding the Supreme Court’s ruling on business insurance.
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