UK high court rules insurers can include furlough scheme when assessing loss
Insurers facing lawsuits relating to business-interruption losses caused by pandemic lockdowns should be able to take into consideration any support provided to businesses by the UK government under its furlough scheme, the High Court has ruled.
A judge on Monday ruled on issues relating to an £845mn claim submitted by Stonegate, owner of the Slug and Lettuce and Walkabout chains, which is suing three insurers over the extent of their coverage for pandemic-linked losses.
The company, which has 760 pubs and restaurants, claimed an insurance policy covering business interruption and related losses had been triggered multiple times during the Covid-19 crisis.
This story originally appeared on: Financial Times - Author:Jane Croft
