Broker NDML and night time industry agree £5.2m BI claims settlement with Hiscox
The settlement follows on from the Supreme Court judgment in the FCA's BI test case in January.
Hospitality broker NDML and the Night Time Industries Association (NTIA) have reached a £5.2m settlement with Hiscox over pandemic-related business interruption (BI) claims.
In a statement, the two organisations explained that 72 Hiscox BI policyholders will benefit from the settlement, giving businesses represented by NDML and NTIA an average payout of almost £73,000 each.
They added that the £5.2m is an initial figure and that more claims are still to be finalised between NDML, which is part
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