Page 7 - Factory Mutual News Today

May.18.2021 Courts Dismiss COVID-19 Business Interruption Claims On May 7, 2021, the district court for the Northern District of Illinois granted Westfield National Insurance Company’s motion to dismiss a Chicago bakery and a salon’s complaint alleging coronavirus-related business interruption losses. Determining the virus exclusion unambiguously bars coverage for loss indirectly caused by the coronavirus, the court found meritless the plaintiffs’ argument that the government closure orde...

issued by Factory Mutual Insurance Co. The Glassboro schools suit contends its policy covers all risks "unless expressly limited or excluded. Among other claims, it cites financial losses from an "almost complete closure" of Rowans multiple locations under pandemic emergency orders. The suit also seeks to recover the cost of reimbursements for students room-and-board expenses "totaling in the millions of dollars." Factory Mutuals parent company, FM Global, said Thursday it is "unfortunate whe...

Allegations That COVID-19 Was Physically Present and Altered Property are Sufficient to Sustain COVID-19 Business Interruption Suit Thursday, May 6, 2021 On Wednesday, a federal judge in Texas denied Factory Mutual’s Rule 12(c) motion for judgment on the pleadings, finding that the plaintiffs adequately alleged that the presence of COVID-19 on their property caused covered physical loss or damage in the case of  Cinemark Holdings, Inc. v. Factory Mutual Insurance Co., No. 4:21-CV-...

To print this article, all you need is to be registered or login on Mondaq.com. The determination of whether a tenant is also a coinsured under the landlords policy ultimately comes down to the language in the lease and relationship between the parties. In the absence of specific language or a unique relationship, most courts utilize presumptions of whether the party is a coinsured or not. In fact, a majority of jurisdictions have adopted the presumption stated in Sutton...

Philadelphia Eagles COVID Losses Not Covered, Insurer Says By Law360 is providing free access to its coronavirus coverage to make sure all members of the legal community have accurate information in this time of uncertainty and change. Use the form below to sign up for any of our weekly newsletters. Signing up for any of our section newsletters will opt you in to the weekly Coronavirus briefing. Sign up for our Insurance newsletter You must correct or enter the following before you can...

The university claims Factory Mutual Insurance Company of Rhode Island has failed to honor an all-risk commercial property policy that ran from July 2019 to July 2020.

Redefining maintenance management, the smart way LONDON, 27 days ago In the era of Industry 4.0 and the Internet of Things, safety is one of the greatest areas that can benefit from the increased connectivity that drives the world.    Integrated systems today are capable of using smart technology to remotely monitor work-sites, incorporating solutions such as maintenance and incident management to create a holistic approach to governing the safety aspects of practically any industry scena...

CU sues insurer alleging potentially billions in COVID damages (Courtesy University of Colorado-Boulder) This story first ran on BizWest.com, a BusinessDen news partner. The University of Colorado Board of Regents has filed a lawsuit against its insurance company alleging that the insurer has failed to pay claims related to losses sustained from the COVID-19 pandemic. The claim, potentially worth more than a billion dollars, seeks to force Factory Mutual Insurance Co., which does business as FM...

UpdatedMon, Mar 1, 2021 at 9:36 am CT Replies(3) It could take more than a year for a new operator to reopen the shuttered multiplex at 1715 Maple Ave. in Evanston. (Google Maps) EVANSTON, IL — The private equity firm that owns Evanstons only commercial cinema is without a tenant after the national movie theater chain that has operated it for two decades was able to terminate its lease due to Gov. J.B. Pritzkers executive orders issued in response to the coronavirus pandemic. City staff say a...

Live Nation Entertainment The promoter says its lost hundreds of millions since the pandemic shut down touring, but Factory Mutual refuses to honor its premium policy. Live Nation is suing its insurance company for refusing to cover hundreds of millions in losses caused by the coronavirus pandemic. In a new lawsuit filed in California federal court on Jan. 29, Live Nation claims that Factory Mutual is refusing to honor the premium policy it sold the promoter despite language that communicable d...