The pandemic and political turmoil are causing widespread and long-term economic volatility after many years of positive trends. But covered commercial property losses continue, whether.
Loss of Income Caused by a Government Mandate to Suspend Business Operations Due to the COVID-19 Virus is not Covered by a Standard Property Insurance Policy Because the Physical.
The Ninth Circuit has ruled in Palmomar Health v. American Guarantee and Liability Ins. Co., No. 21-50673 (9th Cir. July 28, 2022) that losses due to the presence of coronavirus particles
Sixteen N.C. restaurants forced to reduce their service or close during Gov. Roy Cooper’s COVID shutdowns in 2020 will not be able to use their insurance to cover their losses. This after the N.C. Appeals Court released a unanimous ruling on Tuesday in favor of the Cincinnati Insurance Company. In the appeal, the insurance company
The Massachusetts Supreme Judicial Court declared that three restaurants suffered no “direct physical loss” From COVID-19 closure orders, becoming the first state high court in the U.S. to rule against policyholders over pandemic losses.