Stonegate BI verdict: Disaster avoided, but more pandemic losses loom
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Stonegate BI verdict: Disaster avoided, but more pandemic losses loom

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It is little wonder the London market closely watched UK pub company Stonegate’s lawsuit against insurers, given the prospect of an industry-wide legal precedent being set and the further losses at stake.

Stonegate sued carriers MS Amlin, Zurich and Liberty Mutual for a total of £1.1bn ($1.2bn) for BI losses during the pandemic – the most high-profile Covid BI legal dispute since the Financial Conduct Authority’s test case, which concluded with...

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