Product Update

Coronavirus Business income Coverage Court Case in Commercial Property Insurance

This release to Commercial Property Insurance (CPI) provides a report on the first decision on a coronavirus business income coverage court case.

In what appears to be the nation's first summary disposition ruling on whether business losses arising out of the coronavirus are covered under a commercial property insurance policy, a Michigan state court definitively ruled against the insured. This release provides a detailed report on the ruling in the case of Gavrilides Mgmt. Co., LLC v. Michigan Ins. Co., written by IRMI Research Analyst Veronica Bates, J.D.