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.