RIMS issued a letter to the U.S. Department of the Treasury, Congress and President Trump requesting the creation of a pandemic risk insurance program to accelerate economic recovery. In the letter, RIMS asserts that a pandemic risk insurance program would provide greater access to capital from lenders and establish a viable insurance market. It would also provide greater […]
Six insurers were hit with class-action suits against in federal courts Friday over their denials of coverage for businesses shut down because of the COVID-19 outbreak. Certain Underwriters at Lloyd’s, London in New York, Topa Insurance Co. in California, Society Insurance in Wisconsin, Auto-Owners Insurance Co. in Ohio, Oregon Mutual Insurance Co. in Oregon, and […]
A group of law firms together filed six class-action lawsuits against insurers in federal courts from California to New York on Friday on behalf of commercial policyholders seeking business interruption coverage for coronavirus-related losses. None of the policies contain a communicable disease exclusion, the suits allege.
A wave of lawsuits seeking class-action status argue restaurants have been unfairly denied business interruption insurance claims. Another five lawsuits seeking class-action status have been filed by restaurants and hospitality groups against the insurance companies that are denying business interruption insurance claims in response to COVID-19-related restaurant closures.
A Mentor bridal store is joining a class-action lawsuit against insurance companies for denial of business interruption claims during the COVID-19 pandemic. Bridal Expression is suing Owners Insurance Company for not allowing them to use the insurance coverage they bought for this situation.
Four law firms have filed separate class actions against six different insurers, alleging they denied business interruption claims filed by thousands of small businesses across the country. The lead plaintiffs include La Luz Ultralounge in Bonita, California, and Nick’s New Haven Style Pizzeria & Bar in Coral Springs and Boca Raton, Florida.
A group of attorneys from DiCello Levitt Gutzler LLC, the Lanier Law Firm PC, Burns Bowen Bair LLP and Daniels & Tredennick launched class action suits against six insurance companies in federal courts on Friday over their denials of coverage for businesses shut down because of the COVID-19 outbreak.