Wide area damage principle is key to quantifying BI claims

By Insurance Times 2020-10-19T13:25:00

An uptick in COVID-related BI claims is expected following the UK FCA test case, primarily from the hospitality sector

The High Court’s test case decision regarding the wide area damage principle, initially seen within the 2010 Orient Express Hotels v Assicurazioni Generali case, is “one of the most important take aways” for calculating the quantum of Covid-19-related business interruption (BI) claims, according to sister publication Insurance Times.

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