business income News

Iowa Issues 2nd State Supreme Court Ruling Finding No Coverage for COVID Income Loss

The Iowa Supreme Court on Friday ruled in two separate decisions that COVID-19 did not cause a physical loss or damage that would allow a private golf club or a restaurant and bar to recoup income lost during COVID-19 shutdown …

Viewpoint: Key Property Loss Provisions Attorneys Keep Forgetting

Are you tired of talking about COVID? I am. Are you as tired of the COVID business income coverage debates? I am. Because I’m so worn out, this article focuses on ONE, ok two, key policy provisions every attorney and …

Business Income Insurance Covers Continuing Expenses Without Reduction for Insured’s Operating Loss

It is typical for business income insurance, the modern version of business interruption coverage, to provide for two components of actual loss of business, namely (1) net profit or loss before income taxes that would have been earned or incurred …

The Effect of Japan’s Natural Disaster on Business Income Claims

As cleanup continues in the aftermath of the recent earthquake and subsequent tsunami that devastated parts of Japan, the adverse effect on the bottom line of businesses worldwide continues to be of great concern. According to a recent study conducted …