Unmasking bounce back loan fraud – implications for D&O and FI insurers

Graham Briggs and Alex Baddeley of Dac Beachcroft examine the insurance implications of bounce back loan fraud, including a potentially surprising uptick in claims for actions against lenders for failing to carry out sufficient checks on borrowers, and predict that the recovery process will raise a myriad of complex coverage issues for the insurers of both the borrowers and their lenders.

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