Acquires the Hyatt Regency San Antonio Riverwalk
Increases Quarterly Dividend
ALISO VIEJO, Calif., May 6, 2024 /PRNewswire/ Sunstone Hotel Investors, Inc. today announced results for the first.
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COVID-19 Insurance Claim Denial Lawsuit Will Proceed: Judge
At least one insurer will have to defend its denial virus-related business interruption insurance losses after a California federal judge ruled the high-profile case can proceed.
U.S. District Judge Cormac Joseph Carney ruled in favor of Sunstone Hotel Investors in denying a motion by Endurance American Specialty Insurance Co. to toss out the $40 million suit. The judge rejected the claim that the investors were required to meet a $100,000 deductible for cleanup costs before tapping into business interruption coverage.
So far, insurers have been mostly successful at fending off business interruption lawsuits stemming from the COVID-19 pandemic. Disputes are generally focused on whether the virus is a valid exclusion under policies.
Sunstone Hotel Investors Announces Chief Operating Officer Transition hospitalitynet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hospitalitynet.org Daily Mail and Mail on Sunday newspapers.