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Vermont Supreme Court Revives COVID-19 Business Interruption Insurance Claim

Sep 26 2022 // The Vermont Supreme Court has kept alive a COVID-19 business interruption loss claim by major shipbuilder against a group of reinsurers. The state’s high court ruled that the case brought by Huntington Ingalls...

Hurricane Fiona Losses Depend on Business Interruption, Cause

Sep 22 2022 // AM Best said it expects insured losses from Hurricane Fiona in Puerto Rico to be influenced by business interruption caused by widespread power outages but losses should be manageable for the industry. “It could take...

In Global Claims Report, Allianz Notes Rising Business Interruption Costs

Aug 1 2022 // The number of contingent business interruption claims more than tripled in 2021 as a deep freeze in Texas shut down much of the state’s power grid and a fire at a semi-conductor plant in Japan contributed to a global...

Allianz Notes Rising Business Interruption Costs in Global Claims Report

Jul 22 2022 // The number of contingent business-interruption claims more than tripled in 2021 as a deep freeze in Texas shut down much of the state’s power grid and a fire at a semi-conductor plant in Japan contributed to a global...

U.S. Supreme Court Refuses to Hear COVID Business Interruption Case

Jun 20 2022 // The U.S. Supreme Court decided on June 6 that it will not hear an appeal of a decision that denied coverage for losses caused by COVID-19 shutdown orders, effectively closing the last door for such claims in the federal...

U.S. Supreme Court Refuses to Hear COVID Business Interruption Case

Jun 8 2022 // The US Supreme Court decided Monday that it will not hear an appeal of a decision that denied coverage for losses caused by COVID-19 shutdown orders, effectively closing the last door for such claims in the federal court...

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