Axa opts not to appeal BI ruling in Corbin & King case
The insurer said it is working with the restaurant group to finalise the claim as quickly as possible as well as looking at the impact of the court’s decision on other declined claims.
Axa has confirmed it will not be appealing the High Court ruling in the business interruption case with restaurant group Corbin & King which ordered the insurer to make multiple payouts under a non-damage denial of access clause.
The insurer had argued that it was liable for £750,000 at most but the judgment means the bill is expected to total £4.4m.
Corbin & King had claimed for payments for each set of premises, as opposed to just one limit across all properties, and for the cover to respond
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