The goldrush of coronavirus-linked business interruption (BI) claims has swelled since the publication of the Supreme Court’s appeals judgment in January, leaving loss adjusters and assessors frantically treading water amid escalating claims volumes.
".....Sedgwick, has also observed this trend.
“Since March last year, we have been involved in handling, or [are] expecting now to handle, circa 16,000 claims,” he said.
“We’ve started to receive new claims for those policyholders who are now able to submit claims as well as progressing the existing claims that were held pending the Supreme Court judgment.”
Katie Scott Insurance Times Ferb 22 2021
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s well as new business interruption claims, many loss adjusters and assessors are also seeing an influx in ‘resurrected’ claims that have been awaiting the appeals judgment before being progressed The goldrush of coronavirus-linked business interruption (BI) claims has swelled since the publication of the Supreme Court’s appeals judgment in January, leaving loss adjusters and assessors frantically treading water amid escalating claims volumes. Claims management organisation Crawford and Company, for example, has noted a 230% increase in claims instructions since February 2021, while loss assessor Morgan Clark has seen “a 400-fold increase in business interruption claims relating to Covid” since the initial lockdown last March.