A federal judge in western Pennsylvania has ruled that losses from the COVID-19 pandemic and related government shutdown orders do not trigger coverage under the business-income interruption clauses in Erie Insurance’s commercial “all risk” property policies. Businesses in eight states and the District of Columbia had their individual and potential class-action cases consolidated into a… Continue reading Judge Throws Out COVID-19 BI Claims Against Erie Insurance
Tag: BI COVID claims
COVID BI Loss Case by Restaurant Is First U.S. Test for Insurers
The owners of a restaurant in the heart of the New Orleans French Quarter are asking a Louisiana judge to order some Lloyd’s of London insurers to cover losses from the Covid-19 outbreak — the first of a growing number of U.S. business-interruption claims to go to trial. The 500-seat Oceana Grill seeks to persuade… Continue reading COVID BI Loss Case by Restaurant Is First U.S. Test for Insurers
Insurance Policyholders Win Covid-19 UK High Court Test Case
Holders of business interruption insurance have won a “significant” victory in a High Court test case to determine whether the coronavirus pandemic should trigger payouts under their policies. Lawyers acting for the Financial Conduct Authority, the UK’s financial regulator that brought the case on behalf of the policyholders, said the judges had found in favour… Continue reading Insurance Policyholders Win Covid-19 UK High Court Test Case