Business Interruption News

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New York’s High Court Backs Insurer’s Denial of COVID-19 Business Interruption Claim

Feb 16 2024 // New York state’s highest court has affirmed that there must be direct physical loss or damage, not just presence of a virus, to trigger coverage under a commercial property policy for COVID-19 business interruption...

New Jersey Supreme Court Rules Against Casino in COVID Business Interruption Case

Jan 26 2024 // New Jersey’s Supreme Court ruled Wednesday that an Atlantic City casino is not entitled to payouts from business interruption insurance for losses during the COVID-19 outbreak, determining that the presence of the...

Higher Repair Costs, Supply Line Delays Drive Business Interruption Claims

Nov 20 2023 // The aftershocks of the COVID-19 pandemic have hit businesses hard, with inflation, supply chain disruptions, and increasing downtime. Just as we saw how ill-prepared our healthcare system was for the global outbreak, so...

A Note on Business Income

Mar 20 2023 // While most restaurants have seen their revenues return to pre-COVID levels, given continued volatility in food and labor costs, business income values remain unstable, according to Lindsay Shipper, managing director and...

U.S. Firms in Taiwan Making Business Continuity Plans Amid Tensions With China

Feb 7 2023 // Almost half of companies surveyed by the American Chamber of Commerce (AmCham) in Taiwan are revising or plan to revise their business continuity plans amid tensions with China, while a growing number reported being...

Cyber and Business Interruption Top 2023 Threats: Allianz Risk Barometer

Feb 6 2023 // Cyber incidents and business interruption rank as the biggest company concerns for the second year in a row. That’s according to Allianz’s Risk Barometer 2023, which found that at the same time macroeconomic...

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