Product Update

Current Status of Business Income Loss Litigation Due to Coronavirus and Updated State Cancellation Summaries in CPI

This release to Commercial Property Insurance (CPI) provides an update on the current status of the litigation over coverage for business income loss due to the coronavirus. After almost 2 years of unprecedented litigation over whether business income losses related to the pandemic are covered, many of the cases have now reached the appellate courts. The majority of federal circuit courts have now weighed in on the policyholder arguments.

Also, the state cancellation summaries for commercial property insurance policies have been updated to reflect the latest changes.

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