business interruption News

Insurers Drop Appeal Against UK COVID-19 Payout Ruling on Three Policies

LONDON — Six insurers have decided not to appeal against a London High Court ruling that they were wrong to reject claims from holders of three business interruption insurance policies who have been pushed to the brink of collapse by …

Judges Nix Consolidating COVID Business Interruption Suits Against Big Insurers

A panel of federal judges has decided against consolidation of hundreds of lawsuits seeking coverage for coronavirus-related business interruption claims against major national insurers Travelers, The Hartford, Cincinnati Insurance and Lloyd’s. The insurers had opposed consolidation; some plaintiffs sought the …

Insurers Chalking More Early Wins in COVID-19 Business-Interruption Suits

Insurers have succeeded in dismissing COVID-19 business-interruption lawsuits in 17 out of 23 cases heard so far, with a growing number of judges finding that some tangible alteration of a property is required to trigger coverage under commercial property policies. …

Plaintiffs Win One and Lose One in COVID-19 Business-Interruption Legal Fight

A federal judge in Florida last week denied an insurer’s petition to dismiss a COVID-19 business-interruption lawsuit, while a federal magistrate judge in California threw out a similar claim. Both lawsuits were filed by plaintiffs whose policies excluded coverage for …

N.J. Judge Clears Path for COVID-19 Business-Interruption Suit

A second judge has ruled that a policyholder’s COVID-19 business-interruption claim should proceed, marking an uncommon procedural win for business owners who have seen similar lawsuits dismissed by at least six other state and federal judges. Bergen County Superior Court …

Michigan Suit Brings Another Loss for Plaintiffs with COVID-19 Business Interruption Claims

Another federal court has dismissed a COVID-19 business interruption lawsuit, finding that a closure order does not constitute a covered “direct physical loss” and that the policy excluded damages caused by viruses anyway. The ruling by the U.S. District Court …

Disasters Cause Insurance Double Whammy for Pandemic-Hit Businesses

As insurers brace for an expensive natural-disaster season because of storms and wildfires ravaging parts of the United States, the novel coronavirus is giving them an odd financial break. Many companies that were damaged or evacuated because of natural catastrophes …

Viewpoint: Does Denial of Access to Customers Constitute Covered Damage?

COVID-19 has forced the suspension of thousands of businesses, resulting in widespread economic loss. Many of the businesses that have survived are looking to their insurers to cover their losses. While Covid-19 is a virus, the economic loss sustained by …

From Africa to America, Businesses and Insurers Face Survival Showdowns

PILANESBERG NATIONAL PARK, South Africa — W ynand du Toit’s safari camp in South Africa’s Pilanesberg National Park lies abandoned, its tents ripped open by baboons and its survival in the balance after his insurer rejected his COVID-19 claim. In …

Panel Rejects Petitions to Consolidate COVID-19 Business-Interruption Claims

A federal court on Wednesday rejected two separate petitions to consolidate lawsuits filed by policyholders against insurers that denied COVID-19 business-interruption claims under a single judge, but said it might approve consolidation of other actions that make similar claims against …