On February 15, 2024, the New York Court of Appeals unanimously upheld the Appellate Division, First Department decision affirming dismissal of restaurant operator Consolidated Restaurant Operations, Inc.’s (CRO) complaint...more
2/21/2024
/ Appellate Courts ,
Business Closures ,
Business Interruption ,
Contract Interpretation ,
Coronavirus/COVID-19 ,
Damages ,
General-Business ,
Insurance Claims ,
Insurance Industry ,
Insurance Litigation ,
New York
On January 10, the New York Court of Appeals heard oral arguments on a COVID-19 coverage appeal by a restaurant operator, Consolidated Restaurant Operations, Inc. (CRO), which posed issues of first impression. Courts...more
The economic realities brought on by the COVID-19 pandemic have forced our government at both the federal and state level to take unprecedented action. And, despite congressional passage of the Coronavirus Aid, Relief, and...more
4/2/2020
/ Business Closures ,
Business Interruption ,
Contracts Clause ,
Coronavirus/COVID-19 ,
Financial Distress ,
Infectious Diseases ,
Insurance Claims ,
Insurance Industry ,
Interference Claims ,
NYDFS ,
Property Damage ,
Property Insurance ,
Proposed Legislation ,
Relief Measures ,
State Legislatures ,
State of Emergency
As the country continues to absorb the shock of the COVID-19 pandemic, commercial property insurers are already experiencing an influx of claims, mostly for business interruption....more