Category Archives: Business Interruption Insurance
Missouri Ruling Potentially Opens Door for COVID-19 Business Interruption Claims
On August 12, 2020, U.S. District Court Judge Stephen Bough for the Western District of Missouri ruled that a group of nail salons and restaurants may pursue claims for business income losses due to COVID-19 under standard property and casualty policies. Insurers had won similar previous cases in a Michigan state court and a Washington, D.C., court,… Read More »
As NBA Teams Gather in Florida, the Rockets Have Filed a Business Interruption Lawsuit
After the COVID-19 pandemic hit, the National Basketball Association (NBA) paused the season for more than four months. In the next few weeks, the league is set to resume play in Central Florida. Known as the ‘Quarantine Bubble’, 22 of the NBA’s teams will be playing at the Disney complex in Orlando. At least… Read More »
Fifteen Minor League Baseball Teams are Suing Insurers Over the Denial of their Business Interruption Claim
According to a report from the South Florida Sun Sentinel, fifteen minor league baseball teams have already filed lawsuits against commercial insurance companies after their coronavirus-related business interruption claims were denied. The minor league teams are seeking insurance benefits for lost profits and other damages. Here, our West Palm Beach business litigation attorneys provide… Read More »
Florida Chief Financial Officer (CFO) Encourages Lawmakers to Fill the Business Interruption Insurance Gap
The COVID-19 (coronavirus) pandemic caused tremendous disruption to businesses in Florida—many companies were forced to scale back or halt operations altogether. Business interruption insurance is designed to provide companies with some financial protection if they are unable to operate. However, for a number of reasons, many companies have had their COVID-19 business interruption claim… Read More »
House Proposes Pandemic Risk Insurance Act of 2020 to Cover Insurance Industry Losses Due to Pandemic-Related Claims
The insurance industry is reeling while dealing with the repercussions of the coronavirus pandemic, and it appears Congress has noticed. Members of the House Financial Services Committee have proposed a draft bill, identified as the “Pandemic Risk Insurance Act of 2020,” that would establish a federal “reinsurance backstop” for pandemic insurance industry losses in… Read More »
Business Owner Seeks Justice After Business Interruption Insurance Claim is Denied
Atma Beauty is a little beauty salon in Miami Beach that happens to be getting a lot of attention this week. At the beginning of the month, the salon’s owner initiated a class action lawsuit against its insurer for failing to pay for losses and expenses caused by the suspension of its business due… Read More »
