Broker NDML and night time industry agree £5.2m BI claims settlement with Hiscox

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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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