Hiscox settles arbitration with business interruption action group
Hiscox has reached a settlement in arbitration proceedings brought against it by an action group of businesses for business interruption losses suffered during last year’s first coronavirus lockdown.
The Hiscox Action Group formed in April 2020 and issued an arbitration claim against Hiscox in June 2020, in advance of the Financial Conduct Authority’s test case.
Eventually growing to around 400
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