The New York Times reported on the new Hospitality Insurance Action Group (HIGA), a group of British pubs, hotels, restaurants and leisure groups, who allege that legitimate business interruption claims have been rejected. Top insurers such as AXA, RSA, QBE and Zurich face a potential multi-million pound lawsuit as a result.
“Hospitality sector businesses, large and small, have been particularly hard hit by the Government-enforced closure during this pandemic and desperately need to mitigate their losses.
In times of crisis they expect their insurance to respond. Yet I am hearing time and time again that insurers are either stone-walling, unfairly limiting or simply point-blank refusing to pay out under business interruption policies. This strikes us as something that is open to challenge.
I look forward to assisting all members of HIGA in exploring the possibility of a group claim. There may well be some light at the end of this industry’s very dark tunnel.”
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Mishcon de Reya is supporting HIGA and acting as legal advisers. To find out more, visit HIGAction.com