A court in North Carolina has ruled that Cincinnati Insurance Co. have to pay 16 restaurants' claims for business revenue (interruption) due to suspensions from COVID-19 by the government – a decision that is contrary to most judges who have judgments in similar cases.
As hundreds of COVID-19 business-related litigation lawsuits are pending in U.S. courts, judge after judge has ruled in favor of insurers. The key point has been that the coverage – depending on the insurance policies – is due to the policyholder suffering from a "direct physical loss." its facilities are closed due to direct physical damage from a covered loss, such as a fire, a riot or a windstorm, ”said Triple-I CEO Sean Kevelighan. "Insurers have advised nationwide in almost all of the sued COVID-19 BI lawsuits because, as the North Carolina Insurance Commissioner has pointed out," Standard interruption policies are not designed to cover viruses, diseases, or pandemic-related losses due to the size of the potential losses. . & # 39; "
" The police language governs whether COVID-19 interruptions are covered, "says Michael Menapace, professor of insurance law at Quinnipiac University School of Law and a Triple-I non-resident researcher." The threshold question will be whether insured can prove that their business losses are caused by "physical damage to property". "
Cincinnati Insurance has said it plans to appeal the decision. (FAIR) RELEASES A DIGITAL BUSINESS INSURANCE INSURANCE  THE GOVERNMENT SHOULD MAKE A BUSINESS STOP
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