Insurance cos' victory juggernaut continues for COVID shutdown cases

  • 📰 Reuters
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The 7th U.S. Circuit Court of Appeals has issued its first decisions on business-income interruption insurance coverage for Covid-19 related losses, affirming rulings for Aspen Specialty, Cincinnati Insurance, West Bend Mutual and Zurich AmericanInsurance in six different cases.

The three-judge panel joined the 6th, 8th, 9th and 11th Circuits in ruling that restrictions on the use of property, “unaccompanied by any physical alteration,” do not trigger coverage under the defendants’ policies.

Attorneys for Society did not respond to requests for comment on Friday regarding the effect of the 7th Circuit’s precedential decisions on the MDL, which is now in the pretrial discovery phase. The businesses sued their insurers for denying coverage, but federal judges in the northern, central and southern districts of Illinois all ruled for the insurers. Circuit Judges Daniel Manion, Diane Wood and David Hamilton agreed in four precedential opinions issued Thursday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines