Over the past two months, numerous state legislatures introduced bills targeted toward voiding the virus exclusion included in most business interruption insurance provisions in commercial property policies. None of the bills...more
On Friday, April 17, 2020, six federal class action complaints were filed against six insurance companies in six different states seeking coverage under Business Income coverage parts of insurance policies to obtain relief...more
Following in the footsteps of numerous state legislatures that are attempting to compel insurance companies to retroactively cover COVID-19 related business income losses, the Federal government may be taking action. A...more
As states continue to limit business activities in an effort to flatten the curve, there has been a steady increase in insureds filing lawsuits against insurance carriers for loss of business income caused in some form or...more
Since COVID-19 swept through the country, numerous articles have commented on the lack of business interruption insurance in commercial property policies based on two key standard policy provisions – (i) the loss of net...more
In our most recent post, we addressed the New Jersey Legislature’s attempt to override terms and exclusions embodied in virtually all commercial Business Interruption Insurance policies including the “virus” exclusion and the...more
As each day of this crisis passes, developments on the insurance front continue to unfold. Many articles have been written by law firms, insurance industry experts and even by members of the insurance industry on the lack of...more