Covid-19: Hiscox Action Group says brokers acted in “good faith”

Coronavirus

The Group is going after insurer Hiscox over its refusal to pay BI claims the group members believe to have been triggered by coronavirus pandemic.

A number of brokers are supporting the work of the Hiscox Action Group according to its founder Mark Killick of Mediazoo.

Killick explained that members of the group bought policies both via broker and direct.

“We have seen lots of brokers whose original view was we are covered [under the Hiscox policies in question]. Some brokers gave pre-purchase advice that this type of situation would be covered.

“I think most brokers were acting in good faith.”

Understanding
Asked if the Group would

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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