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Business, Interrupted: Insurance claims often denied for pandemic-related business closures


By Michelle Tuccitto Sullo
After Lenny & Joe’s Fish Tale restaurant in New Haven sued its insurance provider for refusing to pay for business losses related to the coronavirus pandemic shutdown, a federal judge dismissed the case within just six months.
U.S. District Court Judge Michael Shea in December granted AmGUARD Insurance Co.’s motion to dismiss the case, concluding the restaurant’s insurance policy’s virus exclusion meant any losses due to the pandemic weren’t covered.
Like Lenny & Joe’s, an array of businesses, from restaurants to manufacturers and medical providers, have experienced pandemic-related losses in the past year, and several have turned to the courts when their insurance carriers denied coverage. ....

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SFI Announces New Standards Focused on Solving Some of the World's Biggest Sustainability Challenges


SFI Announces New Standards Focused on Solving Some of the World’s Biggest Sustainability Challenges
WASHINGTON, and OTTAWA, Ontario, April 22, 2021 (GLOBE NEWSWIRE) The Sustainable Forestry Initiative Inc. (SFI) has developed new standards to support SFI’s leadership in offering solutions to some of the world’s most pressing sustainability challenges. SFI certification is a powerful tool to ensure healthy forests that mitigate climate impacts, are resilient to fire threats, and support a diversity of communities.
“SFI has the scale to make a difference with more than 375 million acres/152 million hectares certified to the SFI Forest Management Standard, and tens of millions more certified to the SFI Fiber Sourcing Standard,” says Kathy Abusow, SFI’s President and CEO. “Because the standards require independent, third-party audits, organizations that use them are responding to the ESG expectations of investors, customers, and communities.” ....

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