direct physical loss News

N.C. Judge First to Favor Policyholders in COVID-19 Closure Lawsuit

A judge in Durham County, North Carolina has handed down what may be the nation’s first dispositive ruling in favor of policyholders in a COVID-19 business-interruption lawsuit. Superior Court Judge Orlando F. Hudson Jr. ruled on Oct. 7 that closure …

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. …

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 …

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 …

Business Owners Can Sue Insurer Over Coronavirus Losses, Missouri Judge Rules

A federal judge in Missouri said on Wednesday a group of hair salons and restaurants can sue their insurance carrier for business interruption losses caused by the coronavirus pandemic, which they say caused a “direct physical loss” to their premises. …

Ralph Lauren Sues to Recoup COVID-19 Closure Losses

Fashion firm Ralph Lauren Corp. is suing its insurer to recoup what it says has been a huge drop of two-thirds of its revenues in the first quarter alone due to the pandemic. Ralph Lauren Corp. (RLC) maintains that Factory …

D.C. Judge Hands Insurers Another Win in COVID-19 Business Interruption Fight

The insurance industry has notched another victory in its defense of its commercial insurance policies against claims for business interruption due to the coronavirus. In a case brought by the owner of several restaurants against its insurer over business interruption …

Insurers Say Michigan COVID-19 Business Interruption Ruling Not a Knockout Blow

A recent ruling from a Michigan judge that business interruption claims payouts require tangible alteration to a property may have sounded like a knockout win for the insurance industry but a legal expert has a slightly different take. Tom Baker, …

Main Street Wig Shop Among New Litigants in COVID Claims Battle

As coronavirus spreads across the country, litigation against insurers for denying claims caused by the pandemic is spreading along with it. A group of Chicago businesses and a Houston-area wig store are the latest litigants to press business-interruption claims against …