An office building owner asked a Kansas federal court to decide who must pay for hundreds of thousands of dollars in damage to the building from a burst fire protection pipe that its insurer says isn't covered due to a "water exclusion" clause.
Insurers created the appraisal process to provide an efficient way to resolve disputes outside of the courtroom using disinterested experts, but lately
While large, national property/casualty insurers with leading market shares in both the residential and commercial property markets in Louisiana will be
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By Michelle Tuccitto Sullo
After Lenny & Joe’s Fish Tale restaurant in New Haven sued its insurance provider for refusing to pay for business losses related to the coronavirus pandemic shutdown, a federal judge dismissed the case within just six months.
U.S. District Court Judge Michael Shea in December granted AmGUARD Insurance Co.’s motion to dismiss the case, concluding the restaurant’s insurance policy’s virus exclusion meant any losses due to the pandemic weren’t covered.
Like Lenny & Joe’s, an array of businesses, from restaurants to manufacturers and medical providers, have experienced pandemic-related losses in the past year, and several have turned to the courts when their insurance carriers denied coverage.