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A U.K. Supreme Court ruling could impact 370,000 insureds. Here is what to know about the types of policies affected.
Judges in Florida and North Carolina have found that insurers' exclusions did not clearly define damages arising from the coronavirus or government orders.
The court rejected an insurer's claim that pandemic-related business interruption losses cannot qualify as damages under a policy.
Policy interpretation, contract provisions and notice of loss are critical to determining which losses are covered.
