Page 3 - Extra Expense News Today

/PRNewswire/ -- Honeycomb today announced that it has raised $15.4 million in a Series A funding round led by Ibex Investors. The fast-growing digital...

The insured filed suit seeking coverage under the Business Income, Civil Authority and Extra Expense provisions of the policy.

In Mudpie, Inc. v. Travelers Casualty Ins. Co. of America, ----F.3d---(9th Cir. October 1, 2021), the United States Ninth Circuit Court of Appeals, applying California law, affirmed the district court's order dismissing a...

In Mudpie Inc. v. Travelers Casualty Insurance Company of America (No. 20-16858, filed October 1, 2021 ord. certified for publication October 4, 2021.), Mudpie Inc., a retailer of...

Launch of new Cyber Insurance product The Club is pleased to announce the launch of a new Cyber Insurance product aimed at assisting Members respond to a cyber attack on their vessels and insuring them for any loss of income the vessel incurs as a result. The IMO has adopted a resolution which requires companies, no later than the first annual verification of their Document of Compliance (DOC) after 1 January 2021, to demonstrate that cyber security is an integral part of their safety managemen...

To embed, copy and paste the code into your website or blog: Last summer, we wrote about two principles of New York law that could provide a path to insurance coverage for businesses hit hard by the economic losses resulting from Governor Cuomo’s COVID-19-related shutdown orders.  Although we noted that businesses seeking such coverage would likely face an uphill battle, we proposed that recovery under certain business interruption policies might be available in New York because: 1) an insur...

To embed, copy and paste the code into your website or blog: COVID-19 has certainly been a devastating and disrupting force for businesses in 2020. Since the pandemic began, a major point of contention between corporate policyholders and insurers is whether these disruptions rise to “business interruptions” as defined under insurance policies offering business interruption (BI) coverage. Companies often purchase BI coverage as part of traditional “all-risk” commercial property policies....