Over the past two months, numerous state legislatures introduced bills targeted toward voiding the virus exclusion included in most business interruption insurance provisions in commercial property policies. None of the bills...more
On Friday, April 17, 2020, six federal class action complaints were filed against six insurance companies in six different states seeking coverage under Business Income coverage parts of insurance policies to obtain relief...more
In our most recent post, we addressed the New Jersey Legislature’s attempt to override terms and exclusions embodied in virtually all commercial Business Interruption Insurance policies including the “virus” exclusion and the...more
As each day of this crisis passes, developments on the insurance front continue to unfold. Many articles have been written by law firms, insurance industry experts and even by members of the insurance industry on the lack of...more