Legal
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The proposed legislation would mandate the payment of claims for businesses with fewer than 100 employees.
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The Hiscox Action Group and the Night Time Industries Association says the 500 policyholders have BI cover worth up to £100,000 each.
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The bill has bipartisan support but is expected to be subjected to substantial committee scrutiny.
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The Simon Wiesenthal Center teams with a litigant group established by four high-profile American chefs.
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The ABI welcomes the move, which comes as disputes over liability for pandemic-related losses at UK SMEs mushroom. -
The petition to the UK Chancellor of the Exchequer comes as insurers and clients continue to dispute coronavirus BI pay-outs.
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The Hospitality Insurance Group Action is the latest collection of firms to fight against denied claims.
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If lawyers can establish enough facts to support the case then Harbour will provide the backing to take it to court.
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The trade association is pushing back against the forward-looking legislation.
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The carrier underwrites the policy on behalf of Gallagher and has around 2,000 customers.
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The discussions may ease industry fears of cavalier rulings by case handlers in favour of complainants.
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Albert Benchimol says the job of insurers is to mutualise risk, not subsidise it.
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