News analysis: Industry under pressure as backlash over business interruption continues
Legal disputes over coronavirus-related BI claims have put insurers’ responses to the crisis in the spotlight
Business interruption insurance has become the most pressing issue for the insurance sector during the coronavirus crisis as the UK-wide lockdown has forced many companies to shut down their operations.
The industry’s reputation has taken a beating after insurers were quick to say that the majority of BI policies do not cover Covid-19. This has resulted in furious policyholders threatening to take legal action against a number of providers.
The most troubled provider so far is Hiscox, after a
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