(Bloomberg) — Airlines are scrambling to find replacements for hundreds of single-aisle jetliners that will be sidelined by a recently discovered engine issue, providing a boon to companies that lease out aircraft and crews. About 3,000 Pratt & Whitney geared …
Business interruption/supply chain disruption ranks as the top risk facing the construction and engineering sector, which has been hit by soaring construction costs, supply chain disruptions and labor shortages, according to a report published by Allianz Global Corporate & Speciality …
The railroad industry sued to block new environmental rules in California, arguing they would force the premature retirement of about 25,000 diesel-powered locomotives across the country long before their zero-emission counterparts are ready to take their place. Those rules are …
A New York federal judge has refused to lower the curtain on a Covid-19 business loss claim by the owner of five Broadway theaters because the entertainment insurance policy language is ambiguous as to whether the theater company suffered one …
A New York appeals court last week upheld the dismissal of Madison Square Garden’s Covid-19 business interruption claim against Factory Mutual Insurance Co. The court agreed with a New York County court’s dismissal in January, 2002 after it found that …
A technology and cybersecurity services firm and its insurer have settled a business interruption claim linked to a data breach one month after a federal judge denied the insurer’s bid to have the claim dismissed. The claim involved business losses …
Ken’s Foods would likely have filed a $10 million business-interruption claim had it not spent $2 million to upgrade its wastewater treatment system, the company’s lawyer says. That doesn’t mean its insurer has a common-law duty to reimburse the company …
A federal judge has dismissed 32 lawsuits over COVID-19 business interruption insurance claims against Erie Insurance, concluding the claimants failed to “plausibly plead” that they are entitled to coverage under their Erie policies. The ruling by U.S. District Judge Mark …
A Western Pennsylvania federal district judge has dismissed eight cases seeking payment for COVID-19 business interruption coverage from several insurers including Cincinnati Insurance, Travelers Insurance and Hartford. Financial Services. Citing the district’s court’s own previous ruling in 30 cases against …
The U.S. District Court for Eastern Virginia has dismissed a complaint by petcare and food company Mars Inc. seeking insurance coverage for COVID-19-related business interruption claims. Insurer FM Global sought and won the dismissal of the complaint against the $5 …
