The Exhibition Centre London (ExCeL) has won a court case over £16 million of COVID-19 business interruption (BI) insurance claims, which its lawyers say will potentially allow “hundreds of thousands of policyholders” to make the same claim.
Pizza Express and a dozen of other businesses were also the winners in the six test cases, in which businesses sought insurance payment under their “at the premises (ATP)” disease policies for business closures during the COVID-19 pandemic.
In the judgment handed down on Friday, Justice Richard Jacobs said the same logic behind a Supreme Court ruling two years also applies to ATP clauses.
In January 2021, the Supreme Court ruled in favour of the Financial Conduct Authority (FCA) in a test case, which it brought against eight insurers on behalf of small and medium businesses….