No other insurance coverage has arguably spurred debate as much as business interruption has during the COVID-19 pandemic. In March, the first lawsuit was filed in Louisiana by a restaurant seeking a declaration of coverage for coronavirus-caused losses under a business interruption policy. Experts predict more such lawsuits are on the horizon as businesses battle with insurers for coverage.
Related: P&C Legislative Round-Up: April 2020
In recent weeks, states have taken matters into their own hands by introducing legislation that would compel insurers to cover business interruption losses incurred during government-mandated shutdowns.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Heather A. Turner
Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].
