Insurance Law
Capacity limits on businesses can be a direct physical loss covered by insurance, judge rules in bellwether cases
Image from Shutterstock.com.
A federal judge in Chicago has ruled that pandemic-related business closings and capacity limits can qualify as a “direct physical loss” to property that is covered by business interruption policies.
U.S. District Judge Edmond Chang of the Northern District of Illinois ruled in three bellwether cases in multidistrict litigation against Society Insurance. Chang rejected a bid to dismiss the cases, Law.com reports.
In a Feb. 22 opinion, Chang said a reasonable jury could find that capacity limits prevent the restaurants and other hospitality businesses from using their physical space, qualifying as a direct physical loss.
Đại Dịch Covid-19 Tạo Thêm Những Bất Bình Đẳng Mới
tin247.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tin247.com Daily Mail and Mail on Sunday newspapers.
Đại dịch COVID-19 tạo thêm những bất bình đẳng mới
baomoi.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from baomoi.com Daily Mail and Mail on Sunday newspapers.
Phụ nữ thất nghiệp nhiều hơn do Covid
baophapluat.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from baophapluat.vn Daily Mail and Mail on Sunday newspapers.