To embed, copy and paste the code into your website or blog:
On January 15, 2021, U.S. District Judge William S. Stickman granted defendant National Fire & Marine Insurance Company’s Motion to Dismiss a complaint filed by plaintiff 1 S.A.N.T, Inc. 1 S.A.N.T. brought a putative class action lawsuit against National Fire, seeking insurance coverage for loss of business income due to COVID-19-related restrictions placed on it.
1 S.A.N.T. operates Lawrence County-based Gatherings Banquet and Event Center as well as the adjacent tavern, Town & Country. 1 S.A.N.T claimed that it incurred and continues to incur a substantial loss of business income and other expenses due to Governor Tom Wolf’s March 19, 2020 Executive Order which closed all non-life sustaining businesses, including 1 S.A.N.T. 1 S.A.N.T. submitted a business interruption claim to National Fire, its commercial property insurance company. National Fire denied the claim, citing to multiple policy provisions.
Giorgios Bakatsias Announces Osteria Georgi, a New Neighborhood Italian Eatery
Giorgios Bakatsias is expanding his local culinary empire with a new, Italian family-style restaurant at 201 South Elliott Road in Chapel Hill.Â
Osteria Georgi is named for Bakatsias s good friend, the late George Tarantini. The restaurant is slated to open in the former Living Kitchen space later this spring and will serve brunch, lunch, and dinner, and will focus on pastas, braised meats, and antipasti, with special attention to locally-sourced ingredients.Â
Tarantini, the beloved longtime coach of N.C. State s menâs soccer team, was born in Italy and died in Raleigh in 2019 at the age of 70.Â
Shares1
Almost 1,500 lawsuits have been filed by policyholders against insurers, seeking to resolve disputes around insurance coverage for COVID-19-related business losses.
For those unfamiliar with insurance litigation trends, it’s important to put the scale of this into perspective. The average hurricane will result in about 50 to 100 cases being filed in the first year; from April till August 2020 we saw the same quantity of cases being filed
each week for COVID-19-related losses.
So far, rulings have been made overwhelming in the favor of insurers, at a rate of approximately 75%. However, there have been some significant rulings in favor of policyholders over the last few months which should cause insurers pause for thought.
Cincinnati Financial Corporation Increases Regular Quarterly Cash Dividend
News provided by
Share this article
CINCINNATI, Jan. 29, 2021 /PRNewswire/
Cincinnati Financial Corporation (Nasdaq: CINF) announced that at today s regular meeting, the board of directors declared a 63-cents-per-share regular quarterly cash dividend, increasing from the previous 60-cents-per-share dividend paid on January 15, 2021. The dividend is payable April 15, 2021, to shareholders of record as of March 17, 2021.
Steven J. Johnston, chairman, president and chief executive officer, commented: The company remains well positioned to reward shareholders in the near term and long term, thanks to our financial strength and the successes achieved by our outstanding independent agents and our talented associates who remained focused on our key growth and profitability initiatives.
Several Kansas City area small businesses file lawsuit against their insurance company
Owners say policies should cover pandemic losses
Some businesses are having trouble recovering pandemic losses through their insurance policies.
and last updated 2021-01-27 11:00:34-05
KANSAS CITY, Mo. â The pandemic has devastated small businesses owners as many struggle to recoup heavy financial losses. Some of those owners thought all-risk insurance policies would help ease that financial burden but some of those insurance claims have not been paid out, and the businesses have taken their fight to the courtroom.
Andy Rieger, the great-great-great grandson of Jacob Rieger, re-established his familyâs distillery in 2014. He has a lot on his plate, and that includes making sure his business is protected.