Insurers ordered to move fast on BI claims after Supreme Court rules for policyholders

By Neasa MacErlean

Insurers are under pressure from the FCA to pay out on many more Business Interruption (BI) claims than they had expected — following a Supreme Court decision that went largely in favour of policyholders. Among the many blows that the decision dealt insurers is the over-ruling of a case, Orient Express Hotels, which had given wide protection to BI insurers.