the Court of Appeals held that the business income losses caused by the pandemic were not covered by the commercial policies, and even if they were. The court did not cover the restaurants’ lost income because there was no direct physical loss or damage to property.
the Court of Appeals held that the business income losses caused by the pandemic were not covered by the commercial policies, and even if they were. The court did not cover the restaurants’ lost income because there was no direct physical loss or damage to property.
Year in Review: Top Insurance Cases of 2020 Thursday, January 28, 2021
Not surprisingly, COVID-19 business interruption insurance disputes dominated media headlines for most of 2020. Nonetheless, there were a number of other insurance rulings that will undoubtedly shape the coverage landscape. Policyholders enjoyed a number of significant wins including significant victories related to COVID-19 business interruption cases. The start of a new year gives us an opportunity to highlight some of 2020’s most notable coverage decisions.
COVID-19 Business Interruption
Insurance companies’ widespread blanket denials of policyholders’ claims for business interruption due to COVID-19 for companies ranging in size from small mom-and-pop shops to large retailers prompted a flood of litigation in both state and federal courts. Although 2021 shows promise for gaining control over the disease, the resulting insurance disputes are certain to remain center stage. While insurers ma