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The ruling stems from three separate suits, two from the Western District of Pennsylvania and one from the District of New Jersey.
Courts are leaning on previous decisions instead of the language in each policy, which is raising significant issues for appeal.
The decision follows a trend of courts determining that pandemic losses do not meet policy definitions of "direct physical loss."
Coverage Q&A: A gym received GoFundMe donations after a fire damaged the business.
Cyber risk is real, but the threats organizations face can be quite nuanced.
Vetoing the bill sends the wrong message to consumers concerned about rising rates and excessive litigation that clogs Florida courts.
An N.H. court granted partial summary judgment for a hotel company claiming business interruption losses from eight insurance companies.
Thought leaders believe data privacy and cybersecurity will drive a glut of class action suits in the future.
Insurers can help insureds return to work quickly and reduce financial losses by using these methods to manage business interruption claims.
Businesses have filed nearly 1,700 lawsuits for business interruption coverage claims following lockdowns in 2020.
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