قالب وردپرس درنا توس
Home / Insurance / The concert promoter's COVID BI suit may continue

The concert promoter's COVID BI suit may continue



A federal district court in California has refused to deny coverage of covid-19 corporate interruptions filed by a concert promoter against Factory Mutual Insurance Co.

The U.S. District Court in Los Angeles upheld Thursday's judgment in Live Nation Entertainment Inc. v. Factory Mutual Insurance Co.

Beverly Hills-based Live Nation, which sought coverage under its all-risk policy with Factory Mutual ] said that by 2020 it had canceled more than 5,000 concerts and postponed almost 6,000 performances to 2021 due to the pandemic.

Live Nations coverage included coverage for "communicable diseases" and coverage for "intermittent illness". Coverage under each of the Communicable Diseases Regulations is limited to $ 1

million. , "said the judgment.

" When the allegations in the complaint are accepted as true, it cannot be established by law that the presence of covid-19 in the plaintiff's property can not cause "physical loss or damage to property", it stated.

Last month, two state courts refused to dismiss litigation over covid-19-related business interruptions filed by a university against Factory Mutual Insurance Co.

Live Nations attorneys and Factory Mutual did not respond to requests for comment.

]


Source link