News

Re – DOA Package Insurance Policy claims

21-09-2021

CTI engaged in an Arbitration with a large number of Policyholders to determine whether there was (or was not) cover under the Policy for losses suffered during the COVID-19 pandemic in consequence of Government action.  

 

The Arbitrator, Lord Mance, an ex-member of the Supreme Court, has now delivered his Award dated 10 September.  

 

The Award found that CTI have been correct in denying coverage under either Extension 1(b) or Extension 1(c) in the Policy.  

 

Full details of the Arbitrator’s reasoning are set out in the Award a copy of which is available here.