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GreenStreet Cafe’s lunchtime rush had just ended on a recent afternoon, but the clamor of dishes in the kitchen hadn’t ceased. Business has finally picked up at the popular eatery in Miami’s Coconut Grove, known for its red velvet outdoor couches, a place where athletes and artists have dined over the past 30 years.
Still, owner Sylvano Bignon is heated.
A judge in March dismissed his lawsuit against GreenStreet’s insurers, which refused to pay for pandemic-related losses. Shutdowns and other restrictions cost him $2.5 million, Bignon said, and he had been hoping to get $1 million from the insurer. But because the owner’s insurance only covered “physical loss or damage,” the judge ruled, the Covid claim did not apply.
Deal or No Deal, Hartford Financial s Charts Are Pointed Higher HIG rejected multiple offers from rival Chubb. Stocks quotes in this article: HIG, CB
For his final Executive Decision segment of
Mad Money Monday evening, Jim Cramer checked in with Chris Swift, chairman and CEO of Hartford Financial Services Group (HIG) , the insurer that rejected multiple takeover offers from rival Chubb (CB) .
Swift said Hartford rejected multiple offers because it had confidence in the business and in its plans for the future. He added that Hartford is in the sweet spot of small commercial insurance, where the growth will be among the biggest.
Universities, other institutions suing insurers for not covering COVID-19 losses wsjm.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wsjm.com Daily Mail and Mail on Sunday newspapers.