Gaming industry giant Caesars Entertainment Inc. has brought more than 36 property insurers to Nevada state court, alleging the carriers should pay for its over $2 billion in pandemic-related losses after it gave COVID-19 sick pay to over 15,000 employees and had more than 2 million cancellations.
As we approach the end of the first quarter of 2022, things are still looking good for insurers in the COVID-19 coverage litigation battle. The issuance
As we approach the end of the first quarter of 2022, things are still looking good for insurers in the COVID-19 coverage litigation battle. The issuance of various.
Federal appellate courts have taken divergent paths in grappling with COVID-19 coverage cases, with some waiting to hear from state high courts, others consolidating the suits and still more issuing ruling after ruling in favor of insurers who say policies don't cover the economic stifling of a global pandemic.
On December 9, 2021, the Seventh Circuit Court of Appeals handed insurers an enormous victory when it issued four decisions affirming the dismissal of lawsuits seeking business income coverage for losses sustained from the COVID-19 closure orders.