Koskie Minsky LLP and the Merchant Law Group have launched a proposed national class action lawsuit alleging that Canadian insurance companies have breached their contracts with business owners by refusing to pay for business interruptions caused by the coronavirus pandemic.
The plaintiffs further allege that the insurance industry has conspired to deny coverage before claims are even made. Negligence and breaches of the duty of good faith are also alleged.
“Business interruption insurance is designed for circumstances such as the current pandemic. The insurance companies appear to be failing small businesses when coverage is needed most,” said Kirk Baert, a partner with Koskie Minsky.
Source: Koskie Minsky LLP
Related:
Topics Lawsuits New Markets Canada
Was this article valuable?
Here are more articles you may enjoy.
A Super Yacht Armada Came to Miami, Leaving a Marine Graveyard in Its Wake 
Why Are Property & Casualty Carriers So Profitable? 
Florida Supreme Court Ruling Could Mean New Pressure to Settle High-Dollar Lawsuits 
PE-Backed Insurance Broker Hub International Files Confidentially for US IPO 
