business interruption lawsuits News

London’s Excel Centre Wins Insurance Ruling on COVID-19 Biz Interruption Losses

The owners of London’s ExCel conference center on Friday won a court ruling against insurers, including Royal & Sun Alliance, over pandemic-related losses, which its lawyers said could affect hundreds of thousands of policyholders. London International Exhibition Centre Plc took …

Federal Judge Dismisses Multiple Pennsylvania COVID-19 Claims

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 …

Insurers Win Key Parts of Stonegate COVID-19 Business Interruption Case: MS Amlin

Insurers have won key parts of a complex legal battle with British pubs group Stonegate, MS Amlin said after Monday’s judgment on the 1 billion pound ($1.13 billion) lawsuit against three top insurers over losses related to coronavirus. Insurers have …

NHL Stymied by Judge in Its Pursuit of Billions From Insurer for COVID Damages

The National Hockey League can pursue a lawsuit against its insurance provider over losses stemming from the COVID pandemic — but not for the billions of the dollars in damages the league’s 19 clubs sought. California Superior Court Judge Sunil …

UK Pubs Group Sues Zurich, Liberty Mutual, MS Amlin for $1.2B Over COVID BI Losses

Britain’s biggest pubs group Stonegate, which is suing Zurich Insurance and two peers for 1 billion pounds ($1.2 billion) over lockdown losses, battled the COVID-19 pandemic “day by day, venue by venue,” a London trial heard on Monday. Ben Lynch, …

Owners of High-End London Restaurants Sue AXA Over Failure to Pay COVID Claims

The owners of high-end London restaurants The Wolseley and The Delaunay sued AXA Insurance UK Plc for as much as 4 million pounds ($5.4 million) over its failure to pay out on claims linked to the coronavirus lockdowns. Lawyers for …

UK Hospitality Groups Are Back in Court With Insurers Over Lockdown Losses

Some of the world’s biggest insurers are bracing as a second wave of multi-million-pound lawsuits, brought by struggling British pubs, restaurants and bakery chains over lockdown losses, starts hitting London’s courts next week. Zurich, MS Amlin, Liberty Mutual, Allianz and …

UK Baker Greggs Files $137M Claim Against Zurich Over COVID-19 Payout

UK baker Greggs Plc filed a $137 million (£100 million) legal claim against Switzerland’s Zurich Insurance Group in a disagreement over a pandemic-related insurance payout, according to a report in the Sunday Times. The chain claims it is entitled to …

Insurer Lessons From UK Court Ruling on Business Interruption: Put Customers First

COVID-19 has led to the disruption of millions of businesses around the UK, particularly for SMEs who have been beset by an average of £130,000 in late payments. However, the Supreme Court ruling in January provided business owners with much …

Britain’s Largest Pub Group Launches Billion-Dollar Suit over COVID-Related BI Claim

Britain’s largest pub group, Stonegate Pub Group Co., sued three insurers for 846 million pounds ($1.2 billion) over losses it suffered after being forced to shut during the coronavirus pandemic. Owned by TDR Capital, the company filed a suit against …