All the headlines from our Business Interruption Topic Page, ordered by recency.
Apr 21 2020 // A Minnesota dentist, an Ohio bridal shop and a New York pizzeria are among six small businesses that are the latest to sue insurers seeking compensation for business interruption claims due to the coronavirus crisis.The...
Apr 21 2020 // Travelers Cos. has gone to federal court in California seeking a declaratory judgment that it is not obligated to pay any business income losses of a law firm it has insured under two business owner policies.Its law firm...
Apr 20 2020 // COVID-19 will have the biggest impact on cannabis and insurance the rest of this year and into the foreseeable future, according to the majority of participants in Insurance Journal’s April 15 webinar “Insuring...
Apr 20 2020 // Lloyd’s of London is collating details of insurers’ business interruption coverage for the Prudential Regulation Authority and is in discussions about a government backstop to cover future pandemics, it said in...
Apr 20 2020 // Amit Tiwari, chief operating officer at Xceedance, the Boston-based insurance consulting, managed services, and insurtech company, explains the challenges of enabling business continuity plans in the face of a global...
Apr 20 2020 // Two lawsuits have been filed in federal court in Illinois by a group of businesses that were forced to close their operations by government authorities as a result of the COVID-19 pandemic over the denial of business...
Apr 20 2020 // I’m shocked, just shocked that you’re suggesting that during a crisis that insurance companies might in fact be considered the villains. I’ve never heard that before.”That’s Richard Levick...
Apr 17 2020 // At the direction of the Chinese government, domestic insurers started selling business interruption insurance to cover Chinese enterprises against disruptions from the coronavirus outbreak, which may have unintended...
Apr 16 2020 // Hiscox’s core policy wordings do not provide cover for business interruption as a result of the general lockdown measures taken by the UK government in response to the coronavirus pandemic, said the company in a...
Apr 16 2020 // Soon after the attacks on the World Trade Center and other locations on the morning of September 11th, President Bush declared that the atrocities were “an act of war.” That statement prompted a call to me from...
Apr 15 2020 // New Jersey was the first state to propose a bill that would mandate insurers cover COVID-19-related losses under their business interruption policies, and the insurance industry was quick to express its concern. But that...
Apr 14 2020 // California Insurance Commissioner Ricardo Lara on Tuesday issued a notice requiring insurance companies and other California Department of Insurance licensees to comply with their obligations to fairly investigate all...
Apr 14 2020 // President Donald Trump has staked out his position in a legal battle over business-interruption claims: Unless the policy excludes pandemics, insurers should pay.Trump spoke about the issue for a minute and a half during...
Apr 13 2020 // “I’m shocked, just shocked that you’re suggesting that during a crisis that insurance companies might in fact be considered the villains. I’ve never heard that before.”That’s Richard...
Apr 9 2020 // As the COVID-19 pandemic has progressed over the past several months, participants in the insurance industry have recognized the likelihood of a resulting increase in claims volume. Much of the early focus has been on the...
Apr 8 2020 // Barbara Snowden dreamed of opening a wig shop to help women who’d lost their hair during chemotherapy feel better as they battled cancer. In November, she beamed at the grand opening of Hair Goals Club in the Houston...
Apr 6 2020 // A class action lawsuit has been filed against Canada’s top indemnity insurers for breach of contract in their refusal to pay business interruption claims from the COVID-19 crisis.“Indemnity insurers are...
Apr 6 2020 // As cyber crime continues to evolve, ransomware attacks in particular have ramped up and are leading more companies to recognize their need for the right business interruption coverage, explained panelists at the...
Apr 3 2020 // Two lawsuits have been filed in federal court in Illinois by a group of businesses — who were forced to close their operations by government authorities as a result of the COVID-19 pandemic — over the denial of...
Apr 3 2020 // Like everyone else, Peter Lacovara is coping with COVID-19, working at home to limit contagion to the coronavirus and stay healthy. He’s also plugging away trying to keep businesses healthy, as well.In his role as a...