Business Interruption Coverage Disputes – An Update
As economic deterioration caused by the Coronavirus crisis accelerates, the issue of business interruption (BI) coverage has come to the forefront. Some impacted businesses are beginning to seek compensation from their BI insurance policies, while insurers have largely argued that coverage under the current conditions does not apply. ALIRT has received many questions from clients seeking guidance on how the resolution of this issue could potentially impact the financial standing of U.S. property & casualty insurers, many of which write property insurance coverages.
