Insurers decide to pay out on business interruption claims

Posted on 17 Jul 2015
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RSA is among six insurers that have decided not to challenge to a High Court ruling demanding they pay out on business interruption policies. The insurers will start to assess claims for certain policies but may still challenging the court's decision on others. Nevertheless, Sonia Campbell, a lawyer at Mishcon de Reya who is representing policyholders, said it is “a huge win”' for the businesses, but added: “Given the insurers' approach to policyholders' claims to date, businesses should not expect it to be plain sailing. Every policyholder has to prove its loss, and this is where we expect insurers to continue to frustrate the process.”

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