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UK insurers face multi-million payouts after losing BI appeal
15 January 2021Courts ruled in favour of Financial Conduct Authority in business interruption test case
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UK insurers win permission for Supreme Court appeal on BI judgement
05 October 2020Approval to "leapfrog" appeals court aimed at finding swift resolution
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Hiscox heads into arbitration with BI claims group
17 August 2020A simplified proposal for an expedited arbitration process has been agreed
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Hiscox Action Group launches FCA BI case intervention
24 June 2020The group has cited a lack of policyholder involvement in the test case
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Hiscox Action Group's £40m arbitration gets underway
16 June 2020The case relates to alleged non-payment of business interruption claims during the Covid-19 pandemic
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Hiscox made BI goodwill payments due to "misinformation"
01 June 2020Business interruption policyholders were found to have received incorrect information regarding Covid-19 coverage
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Insurers' reputations have been hit during Covid-19, says Stephen Catlin
18 May 2020The well-known figure says there have been some "clumsy remarks" by the industry
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Hiscox Action Group gets green light for legal action - report
18 May 2020The group is reportedly looking to secure £40m in payouts
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Legal risk escalates over Covid-19 business interruption claims
01 May 2020Hospitality Insurance Group Action heaps further pressure on insurers