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Federal Panel’s Decision Not to Centralize Certain COVID-19 Insurance Lawsuits Provides Strategic Opportunities for Policyholders

The US Judicial Panel on Multidistrict Litigation (Panel) previously declined to centralize all coronavirus (COVID-19)-related business interruption insurance lawsuits, but left open the possibility of certain...more

Federal Courts Decline to Centralize All COVID-19-Related Business Interruption Insurance Lawsuits

The US Judicial Panel on Multidistrict Litigation on August 12 denied certain plaintiffs’ motions to centralize lawsuits brought by businesses seeking insurance coverage for coronavirus (COVID-19) losses....more

UK FCA: Eight Insurers Agree to Be Parties to Business Interruption Insurance Test Case

Through the High Court test case, the UK Financial Conduct authority hopes to obtain legal clarity on business interruption insurance during the coronavirus (COVID-19) pandemic. ...more

FCA to Pursue High Court Test Case on Business Interruption Insurance Policies to Provide Clarity During Pandemic

The UK Financial Conduct Authority (FCA) on May 15 invited policyholders of business interruption (BI) insurance that have been affected by the coronavirus (COVID-19) pandemic, and have had a claim under their insurance...more

COVID-19 Business Interruption Losses: Preserving and Pursuing Claims

Companies with substantial business interruption losses related to the coronavirus (COVID-19) pandemic must take immediate, concrete steps now to preserve their ability to pursue recoveries from insurance and/or financial...more

COVID-19: DC Council to Consider Legislation Mandating Business Interruption Coverage

Following in the footsteps of several state legislatures, the Council of the District of Columbia plans to consider on May 5 draft legislation that would require insurers to provide coverage for business interruption losses...more

Business Interruption Insurance Amid COVID-19: How Aggregation Can Affect Recovery Value

During the coronavirus (COVID-19) pandemic, it is important for policyholders to remember that key insurance principles, including the principle of aggregation in the United Kingdom, could make a significant difference to any...more

COVID-19 Business Interruption Losses: The Potential Keys to Unlocking Insurance Recovery

As the coronavirus (COVID-19) pandemic evolves, governmental executive and legislative authorities are taking actions in the form of emergency declarations and proposed legislation that could improve a company’s ability to...more

Event Cancellation Insurance: Have a Game Plan for Maximizing Coverage

For companies forced to postpone or cancel live events during the coronavirus (COVID-19) pandemic, event cancellation insurance may serve as a way to protect assets and mitigate losses....more

Regulatory & Legislative Actions May Impact Business Interruption Coverage for COVID-19 Losses

As the coronavirus (COVID-19) pandemic continues to evolve, regulatory and legislative authorities are taking actions, in the form of directives and orders, that could directly impact companies’ business interruption...more

Business Interruption Coverage and the COVID-19 Pandemic

The coronavirus (COVID-19) pandemic is historic, fast-moving, and constantly evolving. While the most immediate concerns involve the public health and restoring business operations to normalcy, certain steps may be necessary...more

Maximizing Insurance Assets for Business Losses Relating to Coronavirus (COVID-19)

With significant business disruptions occurring as a result of coronavirus (COVID-19), companies should consider how insurance coverage, including business interruption, supply chain, and event cancellation coverage, can help...more

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