Insurance Law
In this Special Report: "The 30-Day Rule for Insurer Coverage Disclaimers Still Stands," "The Legalization of Cannabis in New York and the Need for D&O Insurance Coverage," "The Year of Peak SPAC? The SPAC Gold Rush and Implications for D&O Liability and Insurance," "Constitutionally Permissible? Can States Require Insurers To Pay Business Interruption Claims Due to Government-Imposed Business Closures?" and "Protecting Your Business Against the Next Global Catastrophe: Contingent Business Interruption and Supply Chain Insurance."
May 24, 2021 at 11:48 AM
2 minute read
Therefore the "30-day rule" lives to fight another day, but great care should be exercised in determining precisely when the 30-day clock begins ticking.
As both the number and type of New York businesses in the legalized cannabis industry continue to grow, their need for insurance coverage will only expand.
Because SPACs present novel issues, we expect both plaintiff's lawyers and insurance companies to take some creative positions not always helpful to D&O policyholders.
Protecting a business, large or small, from the fallout of a global crisis can mean the difference between keeping the doors open and shutting them for good.
Businesses forced to shut-down to mitigate the spread of COVID-19 are turning to their business interruption policies to recover losses. These claims are routinely denied given that the policy requires some sort of physical loss or damage before coverage will trigger. Various states have introduced legislation seeking to protect insureds from these coverage denials.
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J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
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