Business insurance battle for Covid losses shifts to state high courts

  • 📰 Reuters
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Every federal appellate court to consider the question so far has ruled that commercial all-risk property insurance policies do not cover income lost due to the Covid-19 pandemic, but policyholders’ lawyers say the fight is just getting started on the battlegrounds that matter the most: the state supreme courts.

“It's definitely not over. That’s the takeaway for 2023,” said Michael Levine of Hunton Andrews Kurth, who is representing policyholders in multiple Covid-19 business interruption disputes nationwide.

The 9th Circuit seemed to rule out that possibility in a 2021 decision, but not all state courts agreed with it. Some appellate divisions ruled in 2022 that plaintiffs must have a chance to show that the virus does, in fact, cause a “physical alteration” by adhering to surfaces. CRO, represented by attorneys at Cohen Ziffer Frenchman & McKenna, says the New York trial and appellate courts improperly grafted a requirement of “tangible alteration” onto the definition of property damage, which would eliminate coverage for pollutants and harmful fumes.

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 NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Imagine what will happen when malpractice cases start piling up due to the 'jab?'

nodebate with 8billion4million in assets originally owed to me through my rightful Mallen inheritance as well as my jumaenterprises royalties It's More than enough to bailout EVERYONE & legitimate local businesses The fake pandemic our own government went along with caused

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ryan and Caitlin Jocque blend business and family life with Original ChopShop - Phoenix Business JournalWhile this husband and wife team of eatery entrepreneurs both used to work at restaurants to pay the bills while going to college, their paths converged and they combined their talents to create several successful culinary brands — while juggling family responsibilities.
Source: phxbizjournal - 🏆 254. / 63 Read more »

World's largest iPhone factory bounces back from Covid disruption that hurt Apple | CNN BusinessProduction at the world's biggest iPhone factory, disrupted since October by China's Covid-19 restrictions and worker protests, is now running at nearly full capacity, according to a Chinese state media report. these protests were not because of COVID restrictions, because of some incentives for employees were withdrawn by company Wonder how they got them to go back to work......Apple knows
Source: cnni - 🏆 326. / 59 Read more »