As the world economy continues its rapid but unpredictable rebound from the COVID-19 pandemic, record shortages and shipping delays due to global supply chain issues have become commonplace. If your business has experienced...more
Last month, the UK’s High Court of Justice issued a pro-claimant ruling in a test case brought by the Financial Conduct Authority consolidating the claims of small businesses whose insurers denied coverage for COVID-19...more
In August, a Judicial Panel on Multidistrict Litigation (“JPLM”) declined to consolidate hundreds of cases against insurers who denied business interruption claims for COVID-19 losses, but hinted that consolidating cases...more
While case law in the US is still developing, international courts considering business interruption claims against insurers have made meaningful findings in favor of policy holders.
UK High Court Grants Coverage to...more
Since our updates in July and August, new cases on business interruption coverage for COVID-19 losses have been trickling in and out of courts around the country. Over 1,000 cases have been filed against a variety of...more
Policyholders Defeat Motion to Dismiss in Studio 417 Inc. et al. v. The Cincinnati Insurance Co.
The Western District of Missouri on Wednesday allowed plaintiffs’ claims to recover business interruption losses due to...more
Introduced earlier this month, California Amended Bill 1552 (“AB 1552”) is one of several attempts by state legislatures nationwide to bolster the insurance claims of businesses forced to close, or limit operations, under the...more
Following our April 1 webinar COVID-19 Financial Remedies: Force Majeure, Business Interruption Insurance Coverage and Contractual Provisions, Kelley Drye & Warren LLP would like to update attendees on a development in the...more