Hiscox, Lloyd's Broker Given Time To Settle Insurtech Row

Law360, London (April 9, 2019, 6:22 PM BST) -- A London judge has delayed a £1.1 million ($1.44 million) lawsuit between Hiscox Ltd. and a Lloyd's of London broker over the use of insurance technology to arrange motor cover so they can attempt to settle their dispute out of court.

Judge Robin Knowles stayed proceedings brought by Hiscox, which is suing Edge Brokers (London) Ltd., until May 24 so the sides can pursue alternative dispute resolution. The judge's order, dated Friday, puts the brakes on a case that has exposed the tensions that can arise when traditional brokers contract out work to so-called insurtech products, creating confusion about who holds...

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