Brokers can be sued for denied COVID claims: S&P
Posted On: Oct. 9, 2020 9:16 AM CST
A report by S&P Global Market Intelligence said that insurance brokers worldwide can expect to be sued if insurers deny their clients' COVID-19 pandemic-related business interruption claims, Asia Insurance Review reported. In order to ascertain whether a broker is liable, policyholders will have to prove that the broker breached its contract and this breach caused them a loss.