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Storms from 16-23 June added to a “very active” quarter for the peril. -
The pub company is looking for a payout at every one of its 760 premises, whilst insurers claim it is entitled to a single limit.
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The insurer reclassified some Hurricane Ida claims as storm Nicholas losses, producing an overweight loss for the second event.
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The bakery chain is suing Zurich over losses during the lockdown, one of several high-profile BI legal disputes to have emerged.
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The loss is expected to be absorbed by the domestic Canadian and London markets, with Lloyd’s taking a relatively heavy share of the placement.
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The suit is believed to be the first court case against insurers by a lessor in relation to the Ukraine conflict.
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The pub chain has claimed in court that it is entitled to separate payouts for each of its 760 venues.
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Aggregation is the main issue in the landmark case brought against MS Amlin, Zurich and Liberty Mutual.
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The east coast of the country was struck by severe rainstorms earlier in the year.
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The varying treatment of the flood losses raises questions over how the industry should define flood events.
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The ratings agency said the National Insurance Trust Fund had begun to receive claims from primary insurers.
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The loss aggregator pegged the event at EUR3.3bn in its first estimate in March.
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