Legal
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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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The group has attracted more than 200 policyholders in dispute over BI cover.
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The country’s finance ministry says a working group will examine the issue.
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A New York judge dismissed a class action by investors, closing a long running legal chapter for the Stone Point Capital-owned company. -
The Night Time Industries Association becomes the third business group to fight the carrier over denied claims.
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Laws to nullify exclusions on BI cover would “destroy” the insurance industry, the Starr CEO said.
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The new compensation system will begin next April instead of August.
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The state department of insurance said it has received complaints from policyholders about changes to coverage.
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The insurer files a counterclaim insisting the law firm’s policies do not cover its Covid-19 BI claims.
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Small businesses from the hospitality sector sued the insurers in six states.
