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Tens of thousands of small businesses are set for a £1.2billion windfall after the Supreme Court ordered insurers to pay out for losses from the first Covid lockdown. Cafes, pubs, beauty parlours, holiday firms and wedding planners are among the 370,000 firms that had policies which should now pay out. Former footballer Gary Neville, who … Read more
The small-print villains: Insurers risk losing what little trust people have left in them for good, says VICTORIA BISCHOFF By Victoria Bischoff for the Daily Mail Published: 22:00 GMT, 22 December 2020 | Updated: 22:24 GMT, 22 December 2020 Some firms have really gone above and beyond for their customers over the course of the … Read more
Insurers in the firing line over cancelled events: Firms refuse cover – and blame virus By Lucy White and Ben Wilkinson for the Daily Mail Published: 21:51 GMT, 9 December 2020 | Updated: 21:51 GMT, 9 December 2020 Tensions are brewing between the Government and the insurance industry as the coronavirus crisis threatens the future … Read more
A family whose home was devastated by a flood are £50,000 out of pocket because they happen to live within 200 metres of a river, even though it’s way downhill, out of sight and didn’t cause the flood. Mark Jenkins and his wife Cerys were at home in the Welsh Valleys with their two sons … Read more
Victory for small firms as insurers finally agree to pay out on business interruption policies By Daily Mail City & Finance Reporter Published: 21:51 BST, 21 October 2020 | Updated: 21:51 BST, 21 October 2020 Small businesses are celebrating a ‘huge win’ after insurer RSA decided to pay holders of certain business interruption policies. Hordes … Read more
Insurers branded ‘disgraceful’ for appealing court decision ordering them to pay out to virus-hit firms By Daily Mail City & Finance Reporter Published: 21:52 BST, 2 October 2020 | Updated: 21:52 BST, 2 October 2020 Challenge: Last month, the High Court found that most business interruption insurance policies should pay out to firms forced to close … Read more
‘Shameless’ insurers urged to pay up over Covid: Seven of UK biggest firms appeal High Court ruling By Lucy White For The Daily Mail Published: 21:54 BST, 29 September 2020 | Updated: 21:54 BST, 29 September 2020 Insurers have been branded ‘shameless’ for trying to wriggle out of payments to small businesses battered by coronavirus. … Read more
RACHEL RICKARD STRAUS: FCA wants to ban insurers from charging existing customers more than new ones – but they will keep trying to rip us off By Rachel Rickard Straus, Financial Mail On Sunday Published: 21:51 BST, 26 September 2020 | Updated: 21:51 BST, 26 September 2020 If you’re like me, you love the satisfaction … Read more
Victory for UK firms in virus insurance row: High Court judges order insurers to pay business interruption claims By Lucy White For The Daily Mail Published: 22:25 BST, 15 September 2020 | Updated: 22:25 BST, 15 September 2020 Thousands of British businesses are set for lifeline payouts after winning a landmark court victory against insurers. Companies … Read more
British firms are holding their breath as the courts prepare to rule on whether insurers who refused to pay out coronavirus business interruption claims were right to do so. Hundreds of thousands of small and medium-sized companies have faced bankruptcy since the pandemic began after being denied the financial lifeline, even though they spent years … Read more