“In the vicinity but not beyond” Group action against Allianz Insurance plc issued by specialist insurance litigation team

Specialist insurance lawyers Edwin Coe LLP are teaming up with Harris Balcombe LLP in spearheading claims for business interruption losses against Allianz Insurance plc under their Resilience MD&BI policy wording.

Edwin Coe partner Michael Whitton said:

“This Allianz policy insures business interruption loss caused by interruption or interference to the insured’s business as a result of a Notifiable Disease occurring within the vicinity of an insured location.  It would strike me as fanciful to suggest, as Allianz do, that cover would only be provided in the event that the loss occurred in the vicinity but not beyond thereby ruling out a pandemic.  That’s not what the policy says.  If this policy wording doesn’t give rise to an entitlement to an indemnity in relation to business interruption losses resulting from the Covid 19 shut down, I don’t know what policy wording does.”

Policyholders with the benefit of the Resilience policy wordings (many of which were arranged by JELF and Marsh) interested in joining the group should contact our Insurance Litigation team.