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Insurers drop appeal against Covid-19 business interruption insurance payout rulings

Six insurers have decided not to appeal against a London High Court ruling that they were wrong to reject claims from holders of three business interruption insurance policies who have been pushed to the brink of collapse by the Covid-19 pandemic.

Insurers drop appeal against Covid-19 business interruption insurance payout rulings
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RSA, QBE, Hiscox, MS Amlin , Argenta and Arch were expected to challenge the judgment to pay affected customers holding five types of policy in a fast-tracked Supreme Court case to be heard by end-2020.

Read more at City AM

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