Insurers, reinsurers prepare for battle over UK COVID-19 business payments Reuters 3/11/2021 By Carolyn Cohn and Kirstin Ridley © Reuters/PHIL NOBLE FILE PHOTO: People walk past a mural amid the outbreak of the coronavirus disease (COVID-19) in Manchester
By Carolyn Cohn and Kirstin Ridley
LONDON (Reuters) - Top insurance companies, ordered by Britain s highest court to pay thousands of small businesses millions of pounds in claims for COVID-19 disruption, are facing a battle with reinsurers over who should foot the bill, industry sources said.
Bars, beauty parlours, nightclubs and other small companies in January won the right to business interruption insurance payments after senior judges ruled many insurance policies should cover losses caused by lockdowns in a test case brought by Britain s market watchdog.
Insurers, reinsurers prepare for battle over UK COVID-19 business payments
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Insurers, reinsurers prepare for battle over UK COVID-19 business payments
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