Insurance,
Covid Columns
Sep. 23, 2020
Bill is lifeline for those drowning in business interruption claim denials
Numerous state and federal legislative efforts have been launched to provide relief to businesses through their insurance portfolios. While many have stalled, one such effort, California Assembly Bill 1552 has emerged with the most promising potential for passage.
Amber Finch
Partner
Reed Smith LLP
Anthony Crawford
Associate
Reed Smith LLP
To combat the spread of the virus, save lives and minimize the physical loss and property damage caused by COVID-19, state and local governments around the nation implemented a number of social distancing measures that included ordering citizens to shelter in place, shuttering “nonessential” businesses and placing restrictions on business that were allowed to continue to operate. This has resulted in billions of dollars in lost business income across the country.
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