The claim was for a ’breach of a contract for insurance for losses arising in 2020’
Restaurant group Tasty has secured millions of pounds after agreeing a settlement with its insurer over a Covid-19 pandemic-era claim.
In a Stock Exchange announcement, Tasty said its claim was for a “breach of a contract for insurance for losses arising in 2020”.
It has now agreed a £2.5m settlement with its insurer, which is payable within 21 days. Due to creditor costs and legal costs, the group expects to receive a net sum of £1.5m.
Tasty made the announcement as it warned that trading conditions had remained tough across the restaurant sector.
It said: “The casual dining market continues to contend with several adverse factors, including a decline in consumer confidence and a discernible decline in discretionary spend, inflationary pressures on food, increases in the national minimum wage and following the UK government’s budget in October 2024, an increase in employers national insurance contributions from April 2025.
“Trading in H2 2024 continued to be challenging, and in particular, the key December period has been disappointing.”
Read: P&I club announces 5% general increase in 2025/26 premiums
Read: Allianz pays out £51m for crashes during 3pm afternoon rush
Explore more claims-related content here or discover other news stories here
His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism.
He took up the position of deputy news editor at Insurance Times in March 2023, before being promoted to his current role in May 2024.View full Profile
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
No comments yet