On Friday, March 27, 2020, New York joined the growing chorus of states that have introduced legislation requiring first-party property policies to insure business interruption losses due to COVID-19 – notwithstanding policy provisions requiring there to first be some physical damage and possibly despite widespread use of a “Virus” exclusion.
On Wednesday, March 25, 2020, Thomas Keller Restaurant Group filed a declaratory judgment action against Hartford Fire Insurance Company, in the Superior Court of California, seeking coverage for business income losses on account of COVID-19
We continue to carefully monitor and report on coronavirus and related insurance developments. We also continue to report on other developments in the insurance industry. Above all, please take care of yourselves and be safe.
Top Developments in Additional Insured, Bad Faith, Duty to Defend, Innocent Co-Insured and Occurance
The New Jersey legislature recently introduced a bill designed to compel insurance companies to pay some business interruption claims arising out of the coronavirus
While the current pandemic is new, the potential that policyholders would look to their business interruption insurance to cover COVID-19-related losses is not.