Hiscox Insurance makes initial settlement offers to business interruption policyholders
Late night leisure broker NDML has received the first offer of settlement from Hiscox for its clients involved in the Financial Conduct Authority (FCA) business interruption insurance test case.
Hiscox was one of eight insurance firms to feature in the test case, which was first brought by the FCA last year to determine whether their business interruption policies should pay out on claims related to the Coronavirus.
The case eventually went before the Supreme Court, which
A pro bono joint campaign between NDML, the Night Time Industries Association (NTIA) and Philip Kolvin QC from barristers' chambers 11KBW confirmed that policyholders it represents had now received initial settlement offers from Hiscox.