Analysis

Wide area damage principle is ‘question on everybody’s lips’ for quantifying BI claims

By 2020-10-19T11:23:00

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Following the High Court’s ruling in September on the FCA’s business interruption test case, Insurance Times explores some of the key areas that could impact on quantifying these coronavirus-related claims

The High Court’s test case decision regarding the wide area damage principle, initially seen within the 2010 Orient Express Hotels v Assicurazioni Generali case, is “one of the most important take aways” for calculating the quantum of Covid-19-related business interruption (BI) claims.

According to Sareena Bamrah, director at independent claims preparation firm Accuracy, how the wide area damage test will “play a part in the quantification of these claims” is the “question on everybody’s lips”.

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