Economic Issues in Calculating Damages in COVID-19 Business Interruption Insurance Lawsuits

Edgeworth Economics

As the COVID-19 pandemic continues to affect economy activity across the US, a wave of litigation has emerged. Hundreds of lawsuits in federal and state courts across the country are pitting businesses against insurance companies in business interruption insurance coverage cases. Although the specific allegations in these cases vary, in general plaintiffs claim that their insurance policies provide coverage for business income losses due to coronavirus-related interruptions and aim to recover lost profits among other damages. These proceedings include a large number of class actions, with the Judicial Panel on Multidistrict Litigation considering petitions to centralize federal suits.

In this article, Edgeworth Principal Consultant Dr. David Colino discusses a framework for economic analysis in COVID-19 business interruption insurance lawsuits that can help courts both estimate the relevant damages at issue and consider the appropriateness of plaintiffs’ claims for collection action.

Originally published in Law360 on August 7, 2020.

Please see full Article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Edgeworth Economics

Edgeworth Economics on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.