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Insurance

Aug. 10, 2020

Will COVID-19 business interruption suits really bankrupt the insurance industry?

On July 30, the United States Judicial Panel on Multidistrict Litigation heard oral arguments in advance of deciding whether to coordinate over 300 pending federal cases against nearly 100 insurers.

Bradley Wallace

Owner and Principal
The Wallace Firm, PC

Phone: (818) 476-5998

Email: bradley@wallacefirm.email

TThe Wallace Firm, PC is a plaintiff contingency civil practice in Encino that focuses on complex and catastrophic injury, wildfire litigation, and COVID-19 business interruption claims. Mr. Wallace serves on the AAJ Business Interruption Litigation Taskforce.

On July 30, the United States Judicial Panel on Multidistrict Litigation heard oral arguments in advance of deciding whether to coordinate over 300 pending federal cases against nearly 100 insurers. See In re COVID-19 Business Interruption Protection Insurance Litigation, Dkt. No. MDL-2942 (COVID-19 MDL).

Since the COVID-19 pandemic began, the property and casualty insurance industry repeatedly has misstat...

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