Noise around Covid business interruption claims may have subsided, but the issue hasn’t gone away. All manner of companies, charities and other corporate entities are still fighting their corner trying to get payouts from their insurers, five years after the pandemic. The latest to hit the courts comes from 29 colleges at Oxford University, including the likes of Balliol, Brasenose and Wadham, who are suing their insurer Aviva. Like so many companies that were refused claims after having to shutter their operations during the Covid lockdowns, the Oxford colleges are suing in pursuit of what they feel is their legitimate settlement. The claim document states: “The Claimants suffered significant interruption and losses during the Covid-19 pandemic … However, wrongfully and in breach of contract, the Defendant has in correspondence refused to provide such indemnity.” The clock is ticking on the limitation period for such claims, with most legal commentators eyeing a long stop date of March next year before claims become time barred. Expect a flurry of further lawsuits over the coming months.
Mactavish Claims Litigation Index
The Mactavish Claims Litigation Index aims at tracking insurance litigation and claims performance and getting the market to focus on what really matters, the product you buy with your premiums, not just the premium itself.
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