Two Boston restaurant groups that include various well-known downtown bars including Carrie Nation, The Black Rose and Coogan’s have filed lawsuits against their insurance companies, saying the underwriters owe the struggling eateries large sums of money after denying claims related to the coronavirus impact on business. Glynn Hospitality Group, which owns The Black Rose, Brownstone,… Continue reading Boston Restaurant Groups File Lawsuits after Business Insurance Rejections During Pandemic
Tag: BI losses
Restaurants’ COVID-19 Losses Are Covered, Ohio Judge Says
An Ohio federal judge ruled Tuesday that Zurich American Insurance Co. must cover losses suffered by more than a dozen steak and seafood restaurants due to COVID-19 shutdown orders, finding that the eateries’ policy can reasonably be interpreted to cover the loss of use of property. U.S. District Judge Dan Aaron Polster found that Zurich… Continue reading Restaurants’ COVID-19 Losses Are Covered, Ohio Judge Says
Insurers Face Big Payouts to U.K. Businesses Over Covid Disruptions
In a resounding win for insurance policyholders, the U.K. Supreme Court on Friday ruled that insurers must pay out disputed claims related to the coronavirus to a range of businesses, ending a legal case spanning months and potentially setting a precedent for other jurisdictions. The Supreme Court dismissed insurers’ appeals brought after a High Court… Continue reading Insurers Face Big Payouts to U.K. Businesses Over Covid Disruptions