Financial Services, Insurance, Natural Resources, Breach of Contract, Insolvency, Insurance, Case Study

Insurance Coverage Claim

The Case

The claim alleges that a global insurance company breached its contract of insurance with its client, an industrial company, by failing to pay out for losses due to Business Interruption.

The Company was placed into liquidation and the Liquidator is now pursuing the claim against the insurer. 

Why It’s Significant

The case relates to the topical issue of business interruption insurance, a source of much litigation arising out of the COVID-19 pandemic.

Therium’s Solution

Therium’s funding provides the liquidator with resources to bring the claim.

Specialism

Breach of Contract / Insurance / Insolvency  

Sector

Financial Services / Natural Resources / Insurance

Case Studies