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Trade Show Co. s $100M Virus Coverage Suit Stays In Calif. By Law360 is providing free access to its coronavirus coverage to make sure all members of the legal community have accurate information in this time of uncertainty and change. Use the form below to sign up for any of our weekly newsletters. Signing up for any of our section newsletters will opt you in to the weekly Coronavirus briefing. Sign up for our California newsletter You must correct or enter the following before you can sign up: Email (NOTE: Free email domains not supported) Primary area of interest Thank You! ....
Live Nation Entertainment The promoter says it s lost hundreds of millions since the pandemic shut down touring, but Factory Mutual refuses to honor its premium policy. Live Nation is suing its insurance company for refusing to cover hundreds of millions in losses caused by the coronavirus pandemic. In a new lawsuit filed in California federal court on Jan. 29, Live Nation claims that Factory Mutual is refusing to honor the premium policy it sold the promoter despite language that communicable diseases like COVID-19 were covered. Live Nation is the latest company to join a growing group who say that Rhode Island-based insurer Factory Mutual has failed to pay out claims on its Global Advantage All-Risk property insurance policy. The touring giant purchased the policy “at significant expense” on June 1, 2019, for coverage through June 1, 2020, states the filing, submitted by Live Nation s outside counsel ....