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3. Pandemic triggers a flood of business breakdown disputes



On January 20, 2020, the United States registered its first case of COVID-19, on February 29, Washington was the first state to declare a state of emergency related to the outbreak, and on March 16, the first known coronavirus. -related business interruption dispute was filed.

Since the litigation began, nearly 1,500 other lawsuits have been filed in state and federal courts by companies seeking insurance coverage for income lost due to government-sponsored closures during the pandemic. Companies ranging from high-end restaurants to bagel shops, casinos and dentists have all taken their insurance companies to court.

Even President Trump got involved and suggested that policyholders may have coverage. restaurant Oceana Grill is generally considered to be the first of COVID-1

9 insurance suits and Business Insurance story describing the allegations was the third most read story on BI website 2020

Policyholders requested in many cases declarative assessments and the insurers responded quickly with rejections. In May, a federal judge in New York ruled in favor of Sentinel Insurance Co. Ltd. in a case brought by a publisher but gave the policyholder's lawyer "a gold star for creativity."

Several other early decisions were also in favor of insurers, but some courts ruled in favor of policyholders.

Some of the lower court's decisions have been appealed and more are expected to follow.

No. 4 most read story

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