UK Supreme Court Hands Businesses Victory In COVID-19 Insurance Ruling

UK Supreme Court Hands Businesses Victory In COVID-19 Insurance Ruling

Via Reuters:

Thousands of businesses should be covered by their insurance for losses caused by coronavirus lockdowns, the UK Supreme Court ruled on Friday, in a test case that pitched the industry regulator against major insurance companies.

Small businesses, from restaurants to nightclubs and wedding planners to beauty parlours, have said they faced ruin after attempts to claim compensation for business losses during the pandemic were rejected by insurers.

Six of the world’s largest commercial insurers — Hiscox, RSA, QBE, Argenta, Arch and MS Amlin — said many business interruption policies did not cover widespread disruption after Britain’s first national lockdown last March.

But senior judges said many payouts should be triggered after scrutinising non-damage insurance policy clauses — which cover disease, denial of access to business premises and hybrid clauses — in a victory for policyholders and the regulator.

The Financial Conduct Authority (FCA) said it would be working with insurers to ensure they quickly settled claims they were now required to pay and to make interim payments if possible.

The FCA took insurers to court last June in a case expected to have ramifications for 370,000 policyholders, 60 insurers and billions of pounds in claims because many policies have similar wordings. The case has been watched closely as similar battles brew.

The six insurers, the FCA and a group of policyholder claimants, the Hiscox Action Group, had challenged elements of a High Court ruling handed down last September that they had lost.

“The judgment should be a massive boost to all businesses reeling from a third lockdown who can now demand their claims are paid,” said Richard Leedham, a partner at law firm Mishcon de Reya who represents the Hiscox Action Group.

“The hope and expectation of our clients is that the claim adjustment process starts immediately and that insurers will not continue to cause further distress by further unnecessary delay.”

What Is The Crusade Channel?

The CRUSADE Channel, The Last LIVE! Radio Station Standing begins our LIVE programming with the flagship broadcast of The CRUSADE Channel, the internationally acclaimed and syndicated, Mike Church Show. With 28 years of professional Talk radio experience including 13 years as the premiere talk show on the SiriusXM Patriot Channel (Mike was succeeded by Steve Bannon!), The KingDude entertains and enlightens you during your morning drive. Mike brings his voluminous knowledge of the political and historical world with a magnificent list of recurring “A-List Guests” including The Lepanto Institute’s Michael Hichborn, Professor Donald Livingston, William Briggs, Brother André Marie, Carrie Gress, Congressman Thomas Massie, Congressman Ron Paul, John Horvat and too many others to list. Next up is Richard Barrett,s Barrett Brief Show, giving you the news of the day and the narrative that will follow during your lunch break!

We’ve interviewed over 200 guests, seen Brother Andre Marie notch his 260th broadcast of Reconquest; the The Mike Church Show over 1200 episodes; launched an original LIVE! News Service; written and produced 4 Feature Length original dramas including The Last Confession of Sherlock Holmes and set sail on the coolest radio product ever, the 5 Minute Mysteries series! We are the ONLY outlet to cover the Impeachment of President Trump from gavel to gavel and most recently the stolen election of 2021 and President Trump’s noble efforts to expose the fraud and deceit of the greatest political heist in human history! 

Now that you have discovered The Crusade, get 30 days for FREE of our premium service just head to:

https://crusadechannel.com

OR download our FREE app:

https://apps.appmachine.com/theveritasradionetworkappIti-