AXA said not to be appealing Corbin & King decision
Further to the recent High Court decision in the Corbin & King Limited v AXA Insurance Uk Plc case handed down on the 25 February 2022, it has been reported that AXA insurance do not intend to appeal this decision. Should this be the case, then the decision will be a sound authority on Business Interruption Insurance (BII), specifically to those businesses operating within the hospitality sector.
Policyholders should note with caution that claims brought under BII are still very much case sensitive and will depend on the type of policy, the wording of that policy and the losses claimed to be suffered.
In case you missed it, please see the below links to the summary of the case prepared by Leigh Schelvis (John Gaunt and Partners) and to the reported judgment.