Business Interruption News
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Texas Health System Loses COVID-19 Business Interruption Suit – 5th Circuit
Jun 28 2024 // A Texas nonprofit health system who purchased a specialized commercial property insurance policy is not covered for business interruption losses caused by COVID-19, a 5th Circuit Court of Appeals panel ruled, relying on...
Markets/Coverages: Parametric Insurer FloodFlash Adds Business Interruption
Apr 15 2024 // Ahead of the 2024 Atlantic hurricane season, FloodFlash, which offers sensor-enabled parametric flood insurance, is launching a product to support business interruption (BI) coverage. U.S. Commercial Director Rich Coyle...
New York’s High Court Backs Insurer’s Denial of COVID-19 Business Interruption Claim
Feb 16 2024 // New York state’s highest court has affirmed that there must be direct physical loss or damage, not just presence of a virus, to trigger coverage under a commercial property policy for COVID-19 business interruption...
New Jersey Supreme Court Rules Against Casino in COVID Business Interruption Case
Jan 26 2024 // New Jersey’s Supreme Court ruled Wednesday that an Atlantic City casino is not entitled to payouts from business interruption insurance for losses during the COVID-19 outbreak, determining that the presence of the...
Higher Repair Costs, Supply Line Delays Drive Business Interruption Claims
Nov 20 2023 // The aftershocks of the COVID-19 pandemic have hit businesses hard, with inflation, supply chain disruptions, and increasing downtime. Just as we saw how ill-prepared our healthcare system was for the global outbreak, so...
A Note on Business Income
Mar 20 2023 // While most restaurants have seen their revenues return to pre-COVID levels, given continued volatility in food and labor costs, business income values remain unstable, according to Lindsay Shipper, managing director and...
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