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Insurance

Apr. 28, 2020

COVID-19 prompts battle over business interruption insurance

Insureds are now looking to business interruption insurance as a potential source of economic relief. So far, the insurance industry has responded by denying coverage, pointing to restrictive policy language and claiming that it should not and cannot bear the risk of global pandemics.

Dawn Saunders

Partner
Crosbie Gliner Schiffman Southard & Swanson (CGS3)

The shutdown of the American economy from COVID-19 has resulted in crushing losses to business owners across the nation. Insureds are now looking to business interruption insurance as a potential source of economic relief. So far, the insurance industry has responded by denying coverage, pointing to restrictive policy language and claiming that it should not and cannot bear the risk of global pandemics. While lawmakers and insureds point to the "surplus" of over $800 ...

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