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Australian businesses who suffered from COVID-related shutdowns, and the funders looking to back their potential business interruption claims, will no doubt be disappointed to learn that the judgement handed down last week in the second COVID-19 insurance test case favours insurers. |
Harbour Underwriting has partnered with broker GS Group to provide after-the-event (ATE) insurance to Scottish law firms. Both firms said they recognise the need for ATE insurance in Scotland, due to the growing number of commercial disputes post-Brexit and post-pandemic. In recent years, solicitors’ professional obligations in England and Wales have changed, now involving advising the client about the availability of ATE insurance in contemplation of litigation. These obligations have similar application in Scotland, the firms said.
Investor Claim Partner (ICP) will be funding a class action in Australia on behalf of business interruption insurance policyholders against insurers that rejected claims for losses following COVID-19 pandemic-related closures.
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