Covid-19: Litigation against brokers and insurers set to increase amid BI row
The market has been criticised for its response to the coronavirus crisis, particularly with regard to business interruption as providers "look down the barrel' of class action.
Insurance lawyers have warned that brokers will face an increase in litigation from unhappy clients as a result of the coronavirus crisis.
However, the legal experts argued that it is unlikely that these cases will be successful if they do end up going to court.
“I do not believe it is going to be easy to make a claim against a broker for failing to arrange insurance for this ‘pandemic episode’, because Pandemic Insurance, as such, has never been available,” commented Roger Flaxman, executive
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