business interruption News

Conn. Supreme Court Upholds Insurers in COVID Business Loss Appeals

The Connecticut Supreme Court has upheld insurers in two cases where claims for business interruption losses blamed on Covid-19 were denied because there was no direct physical damage. One case involved healthcare facilities Connecticut Dermatology Group, Live Every Day, and …

Viewpoint: Prevention and Mitigation of Business Interruptions After Cyber Attacks

The modern security ecosystem is diverse and ever-changing, a place where cyber risk is top of mind for leaders at all levels, and threats to information / data security and privacy evolve at the speed of the technical innovations driving …

Federal Judge Dismisses Multiple Pennsylvania COVID-19 Claims

A Western Pennsylvania federal district judge has dismissed eight cases seeking payment for COVID-19 business interruption coverage from several insurers including Cincinnati Insurance, Travelers Insurance and Hartford. Financial Services. Citing the district’s court’s own previous ruling in 30 cases against …

Judge Nixes Mars COVID-19 Insurance Bid But Leaves $1M Door Ajar

The U.S. District Court for Eastern Virginia has dismissed a complaint by petcare and food company Mars Inc. seeking insurance coverage for COVID-19-related business interruption claims. Insurer FM Global sought and won the dismissal of the complaint against the $5 …

Jury Awards $48.5M to Baylor Medical College for COVID Business-Interruption Claim

A Texas jury awarded the Baylor College of Medicine in Houston $48,529,961 for damages caused by COVID-19 in what appears to be the first jury verdict in a lawsuit that sought insurance coverage for lost business income and other damages …

Viewpoint: La. and N.Y. Appellate Courts First to Find Physical Loss from COVID-19 Shutdowns

There is a hole in the dam. Prior to June 14, every one of the 77 federal and 44 state court appellate decisions interpreting the meaning of “direct physical loss or damage” in a standard-form commercial property insurance policy had …

Calif. Court Breaks String of Insurer Wins, Scolds Peers for Premature Dismissals

A California appellate court broke from its sister jurisdictions — as well as state and federal courts across the nation — and ruled that a hotel owner’s lawsuit seeking coverage for a COVID-19 shutdown may proceed. In an opinion released …

Doctors’ Group Accuse Insurers of Using ‘Junk Science’ to Deny COVID Business Claims

The medical profession in New Hampshire is accusing the insurance industry of using “junk science” in justifying its denials of Covid-related business insurance claims. In an amicus brief in a case between a hotel chain and eight insurers, the New …

Appeals Court First to Rule in Favor of Coverage for COVID Shutdown

The attorney who filed the first U.S. lawsuit seeking insurance coverage for a business shut down because of coronavirus won the first policyholder victory in a state or federal appellate court that interpreted the meaning of “direct physical loss or …

US Supreme Refuses to Hear COVID Business Interruption Case

The US Supreme Court decided Monday that it will not hear an appeal of a decision that denied coverage for losses caused by COVID-19 shutdown orders, effectively closing the last door for such claims in the federal court system. The …