Social Inflation and the Potential Impact of COVID-19
Top Developments in Business Interruption – Coronavirus (COVID-19), Experts – Allocation, Occurrence and Punitive Damages – New Missouri Legislation
Michigan Circuit Court Judge Joyce Draganchuk (Ingham County) granted the insurer’s motion for summary disposition in Gavrilides Management Company v. Michigan Insurance Company. At issue was coverage for restaurants that were shuttered by COVID-19-related government orders. The court concluded that no coverage is owed.
The Insurer’s Duty to Defend and Pre-Suit Demand Letters: What Constitutes a “Suit”?
Top Developments in Allocation, Exhaustion, Insurers – DIrect Claims, Intervention, Occurence and Reservation of Rights
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.