By: Edward M. Koch, Randy J. Maniloff and Marc Penchansky It wasn’t a question of if, but when. And the wait wasn’t long. Yesterday’s suit was filed in a Louisiana state…
NYDFS Mandate to Insurers Re COVID-19: Explain Your Business Interruption Coverage Now
By: Joshua A. Mooney Last week, in wake of anticipated losses from COVID-19 (coronavirus), the New York State Department of Financial Services (NYDFS) issued instructions mandating all property/casualty insurers “to…
New Jersey Legislature Considering Bill To Force Insurers To Pay COVID-19 Business Interruption Claims Expressly Excluded By ISO’s “Virus” Exclusion
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.
ISO Excluded Coronavirus Coverage 15 Years Ago
So far, business interruption policies have taken center stage in the coronavirus-insurance dialogue. That makes sense. We believe that two issues may grab the spotligh
Unringing the Bellefonte Rule
On March 2, 2020, the U.S. District Court for the Southern District of New York issued its long-anticipated ruling in the Global v. Century case.
Supplying Wrong Construction Materials Resulting in Rip-and-Tear Damage Not an “Occurrence,” 7th Circuit Holds
Not aware of using the wrong lumber, the contractor installed it but, after later discovering it, was instructed to remove it and replace it with IBC-certified FRT lumber. Doing so resulted in damage.