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

stonegate legal.jpg

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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