High profile farming family at forefront of legal challenge to insurer over Covid business losses

  • 📰 ShropshireStar
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

A high profile Shropshire farming family is among a group of more than 30 businesses who are suing a major insurance company over not paying out over Covid losses.

NFU Mutal, which has a major presence in Shropshire with offices across the county, has previously defended its position not to pay out on some of its policies following a case that went to the Supreme Court.are within the set of initial claimants in a case that is set to be decided by the High Court.

“Prior to Covid, the family had prudently bought expensive insurance policies with NFU Mutual to cover this risk, which senior leadership at the insurer are continuing to seek to escape despite repeated judgments in the court making that increasingly untenable.”says it has recently issued and served group action proceedings on behalf of an initial group of 37 affected businesses against NFU Mutual relating to unpaid Covid-19 business interruption clams.

"The relevant policies contain a specific ‘endorsement’ that was included in many NFU Mutual policies sold to such businesses prior to the pandemic. The law firm is leading a no-win-no-fee action against the insurer and say it is not too late for businesses to join the group.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Shropshire Chamber of Commerce host business election hustingsCandidates from five political parties debated a range of business and economic topics at Shropshire Chamber of Commerce’s general election hustings event.
Source: shropshirelive - 🏆 55. / 63 Read more »