Axa granted leave to appeal Corbin & King verdict

scales-justice-legal

Silence from the insurer on whether it will pursue the appeal.

The High Court has granted Axa leave to appeal the judgment in the Corbin & King business interruption case which sees the provider expected to pay a further £4.4m in claims.

Corbin & King claimed the non-damage denial of access clause covered losses resulting from closures and restrictions under government regulations and that it could claim for three occasions in 2020 during the Covid-19 pandemic rather than just one loss.

In February, Mrs Justice Cockerill ruled in Wolseley-owner Corbin &

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ABI campaigning for IPT cut

There has never been a greater need for a cut in Insurance Premium Tax according to the Association of British Insurers as it campaigns for an immediate drop in the rate.

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