Poll: Government should provide business interruption support

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Getty Images Business interruption losses from a global pandemic are uninsurable due to their sheer scope.  Business interruption losses (in the U.S. alone) from the coronavirus are estimated at $220-$383 billion per month — an amount the industry  could not and should not be expected to  cover. Americans across the country appear to recognize that […]

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U.K. Business Interruption Litigation Seems Unlikely to Affect U.S. Insurers

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The Financial Conduct Authority (FCA), which regulates insurers in the United Kingdom, has indicated that it doesn’t believe COVID-19-related losses trigger most business insurance policies because such policies typically require a direct connection between financial loss and physical damage to the insured property. Think fire, flood, wind, or earthquake damage. The FCA is now litigating […]

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Business Interruption vs. Event Cancellation: What’s the Big Difference?

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As I’ve written previously, the question of whether business interruption provisions in commercial property insurance apply to COVID-19-related losses has become a major topic of debate during this pandemic. Suits have been filed seeking to establish that policyholders are entitled to coverage for such losses – even when losses associated with infectious disease are specifically […]

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