Investors Eye Windfall From Denied COVID Insurance Claims
Investors Eye Windfall From Denied COVID-19 Insurance Claims A growing market niche where investors profit from others’ legal troubles is getting a boost from Covid. Distressed-investing funds and litigation-finance boutiques are likely to be spoiled for choice after a landmark U.K. court ruling last month rejected pleas from insurers looking to dodge pandemic payouts. They’re looking to finance or buy denied Covid-19 insurance claims for policyholders without the means or stomach for taking their insurers to court. “This is going to be huge,” said Steve Cooklin, chief executive offic...
Source: insurancejournal.com