Ralph Fearnhead News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Ralph fearnhead. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Ralph Fearnhead Today - Breaking & Trending Today

Insurers Face Disputes with Their Reinsurers over UK COVID-19 Business Income Claims


Insurers Face Disputes with Their Reinsurers over UK COVID-19 Business Income Claims
Top insurance companies, ordered by Britain’s highest court to pay thousands of small businesses millions of pounds in claims for COVID-19 disruption, are facing a battle with reinsurers over who should foot the bill, industry sources said.
Bars, beauty parlors, nightclubs and other small companies in January won the right to business interruption insurance payments after senior judges ruled many insurance policies should cover losses caused by lockdowns in a test case brought by Britain’s market watchdog.
But senior insurance executives said the judgment, which affects 60 insurers, has not helped to clarify whether insurers or their reinsurers companies which provide financial protection to the industry are on the hook for payments. ....

United States , United Kingdom , City Of , Stephen Hester , Ralph Fearnhead , Colm Kelly , Jane Merriman , Steve Mcgill , Supreme Court , European Union , Association Of British Insurers , British Insurers , Tangency Capital , Executive Stephen Hester , East London , Mishcon De Reya , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , நகரம் ஆஃப் , ஸ்டீபன் ஹெஸ்டர் , கோலம் கெல்லி , ஜேன் மெரிமந் , ஸ்டீவ் மகில் , உச்ச நீதிமன்றம் , ஐரோப்பிய தொழிற்சங்கம் , சங்கம் ஆஃப் பிரிட்டிஷ் காப்பீட்டாளர்கள் ,

Insurers, reinsurers prepare for battle over UK COVID-19 business payments


Insurers, reinsurers prepare for battle over UK COVID-19 business payments
Reuters
3/11/2021
By Carolyn Cohn and Kirstin Ridley
© Reuters/PHIL NOBLE
FILE PHOTO: People walk past a mural amid the outbreak of the coronavirus disease (COVID-19) in Manchester
By Carolyn Cohn and Kirstin Ridley
LONDON (Reuters) - Top insurance companies, ordered by Britain s highest court to pay thousands of small businesses millions of pounds in claims for COVID-19 disruption, are facing a battle with reinsurers over who should foot the bill, industry sources said.
Bars, beauty parlours, nightclubs and other small companies in January won the right to business interruption insurance payments after senior judges ruled many insurance policies should cover losses caused by lockdowns in a test case brought by Britain s market watchdog. ....

United States , United Kingdom , City Of , Stephen Hester , Ralph Fearnhead , Kirstin Ridley , Carolyn Cohn , Colm Kelly , Jane Merriman , Steve Mcgill , Supreme Court , European Union , Association Of British Insurers , British Insurers , Tangency Capital , Executive Stephen Hester , East London , Mishcon De Reya , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , நகரம் ஆஃப் , ஸ்டீபன் ஹெஸ்டர் , கீர்ஸ்தின் ரிட்லி , கரோலின் கோன் , கோலம் கெல்லி , ஜேன் மெரிமந் ,