Credit: Yurii Kibalnik/Adobe Stock Good News for Insurer Facing Business-Interruption Suit: Judge Finds COVID Was Only 1 Occurrence
"Under the clear language of the policy itself, it's the order of a governmental authority, which prohibits access to the premises, which triggers the coverage. Because there were several different executive orders which were issued, in our view, each order triggered coverage under the policy," plaintiffs attorney Michael Canning said.
May 31, 2024 at 01:53 PM
4 minute read
A federal judge in Newark, New Jersey, ruled that the COVID-19 pandemic was a single event for purposes of determining a policyholder's payout under communicable disease business income insurance coverage.
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