Mulsanne says it has suffered loss and damage of at least £39m, as judge orders Marshmallow to disclose information relating to the case.
Jelf, now Marsh Commercial, had last year accused DRP and three former Jelf employees of orchestrating a coordinated team move, breaching contracts, soliciting Jelf’s clients and using Jelf’s confidential information.
Ross says an industry working group was “on the cusp” of solving the issue around Covid-19 BI claims, when the opportunity was “taken out of our hands” due to the FCA’s test case.
Regulator says providers have paid out £192.1m in interim payments for unsettled claims and £279.8m in final settlements at it reiterates order to pay out quickly.
The dispute centres around accusations of misconduct, data breaches and misuse of the MyLicence platform at Fresh, which was bought by Kingfisher in 2018.
In a letter to insurers, FCA executive director Sheldon Mills, urges firms to reassess and settle valid BI claims.
Ashwin Mistry slams those attacking brokers and warns that the Orient Express ruling could leave some sectors uninsurable.
Trade body to issue package of guidance and host a webinar to help members "manage some difficult conversations" after brokers are inundated with calls from clients hoping to claim.
Brokers say national press coverage has led to confusion and a massive increase in client calls as they await communication from insurers on how to proceed.
Following the Supreme Court business interruption ruling last week, Jonathan Swift argues brokers need not join their insurer partners in suffering Murder By the Orient Express, but instead play an important role in helping policyholders understand what…
Providers pledge to review claims and contact customers after the Supreme Court sided with the FCA and policyholders in the final verdict over payment of BI claims arising from Covid-19.
The court also concluded that the Orient Express case, which insurers relied on during the hearing, was wrongly decided and should be overruled.
Property investor Aubrey Weis has disputed claims made by Axa in its defence document.
Daniel Wilkinson, of Partners& and CGI Insurance, appeared by video link at hearing but was unable to enter a plea due to a technical glitch. His representation said he would deny the charge.
The FCA has said that no judgment will be handed down before January 2021.
The group issued a raft of denials and counter claims following Kingfisher accusations of misconduct, data breaches and misuse of the MyLicence platform.
AGCS says the pandemic has made the D&O insurance market an increasingly difficult space, with more insolvencies predicted for the first half of 2021.
Martin McKeague, representing Aubrey Weis, says allegations made in Axa’s defence documents would have “huge ramifications” on the insurance industry.
Property investor Aubrey Weis to rely on admissions made by Lockton in its defence documents at trial, after the broker admitted that a certificate of insurance for the 2019/20 policy year had been issued containing an error.
The provider denies claims that it owes £1.68m in damages after property investor Aubrey Weis took it to court in September.
Kingfisher detailed misuse of the Motor Insurance Bureau’s MyLicence platform and suggested it may not have bought the broker as it seeks to claim millions in damages.
Harbour Underwriting launches After the Event (ATE) commercial dispute insurance to the broker space.
Judges pledge to work quickly but there is no certainty on when policyholders and insurers will get a decision on the business interruption appeal as hearing concludes.
Insurers and the regulator set out their starkly differing views on the use of trends clauses on day two of the ongoing business interruption test case hearing at the Supreme Court.