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Lloyd's London wins suit demanding coverage for COVID-19-related business income loss


Cajun Conti LLC. et al, doing business as Oceana Grill in New Orleans was denied its petition for declaratory judgment against Certain Underwriters at Lloyd s, London. Cajun Conti wanted COVID-19-related business income losses to be covered. | Facebook
Lloyd’s London underwriters won’t be compelled to cover COVID-19-related business income loss sustained by restaurant companies doing business as Oceana Grill in New Orleans, following an Orleans Parish judge s ruling on Feb. 10.
Cajun Conti filed suit on March 16, 2020 in a petition for declaratory judgment against Certain Underwriters at Lloyd’s, London, et al, contending that the insurance policy the restaurant companies had with the underwriter “provides business income coverage in the event that the coronavirus has contaminated the insured premises,” the ....

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Insurance Journal's Most Noteworthy Topics of 2020: South Central Region


Insurance Journal’s Most Noteworthy Topics of 2020: South Central Region
Hurricanes, Hurricanes and Tropical Storms
It can’t come as any surprise that hurricanes and tropical storms topped the list of the most read subjects of interest in Insurance Journal’s South Central region. In a North Atlantic hurricane season for the record books there were 30 named storms, of which 12 made landfall in the U.S., five of them in Louisiana alone.
While the total insurance price tag for the U.S. storms was $20 billion, the amount was moderate compared to the record seasons of 2005 and 2017, according to Swiss Re. Damage was still done, as Louisiana residents who are still in recovery mode from the seemingly unending spate of storms can attest. ....

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