Business Interruption Litigation Rolls in Amid COVID-19 Pandemic
Business interruption claims a-plenty are rolling in after the novel coronavirus effectively shut down many non-essential businesses in the U.S.
The event that typically triggers most business interruption policies is property damage — without which no coverage for lost profits will be awarded. Because the COVID-19 pandemic does not actually impact property, businesses seeking coverage are getting denied.
Yet many are coming together to demand a solution.
On April 17, six class actions suits were filed on the same day against insurers Aspen American Insurance, Auto-Owners Insurance, Lloyd’s of London, Society Insurance, Oregon Mutual Insurance and Topa Insurance Company.