U.S. property insurers have won a flurry of judicial rulings backing up their rejections of claims for businesses’ lost income during government-ordered shutdowns, dimming policyholders’ hopes of payments to help them rebound. In recent weeks, insurers have won more rulings than policyholders as the courts begin to work through more than 1,000 Covid-19 business-interruption coverage… Continue reading The Fight Over BI COVID-19 Related Coverage Has Insurers Gaining Ground
Tag: BI pandemic exclusions
Businessowners Gear Up for a Fight with Insurers Over BI Claims
Erik Baylis’ eight Chicago bars and restaurants have been closed since Illinois barred in-person dining starting on St. Patrick’s Day, smack in the middle of what he says is typically the most lucrative month of the year. Baylis, who furloughed his 450-plus employees, assumed an insurance policy would cover some of his losses during the… Continue reading Businessowners Gear Up for a Fight with Insurers Over BI Claims