Legal
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The “pragmatic" move is contingent on the gastronomy companies involved agreeing to exclusions on existing policies.
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The amendment would have forced insurers to cover claims, even where cover does not exist.
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The potential reduction in care requirements for disabled people could lead to legal challenges.
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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.
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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.