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Baker Tilly's Simon Oddy breaks down what insurers should know about business interruption claims filed in the wake of Hurricane Ida & the pandemic.
A failure to establish direct physical loss led to the dismissals.
The ruling stems from three separate suits, two from the Western District of Pennsylvania and one from the District of New Jersey.
There are at least nine different kinds of ADR, providing insurers with a variety of options outside of the courtroom.
The decision follows a trend of courts determining that pandemic losses do not meet policy definitions of "direct physical loss."
Businesses have filed nearly 1,700 lawsuits for business interruption coverage claims following lockdowns in 2020.
The Eighth Circuit is considering one of the most impactful insurance issues of all time: whether COVID-19 triggers business interruption coverage.
Review four proposals for covering business interruptions stemming from a pandemic.
A federal judge denied an insurer's request for dismissal, allowing the insured's case to move forward in a first for the state.
Mediation is becoming more crucial for insurers and policyholders as the pandemic continues to impact the courts and settlement practices.
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