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Year in Review: Top Insurance Cases of 2020 - Vimarsana News

Year in Review: Top Insurance Cases of 2020

Year in Review: Top Insurance Cases of 2020 Thursday, January 28, 2021 Not surprisingly, COVID-19 business interruption insurance disputes dominated media headlines for most of 2020. Nonetheless, there were a number of other insurance rulings that will undoubtedly shape the coverage landscape. Policyholders enjoyed a number of significant wins including significant victories related to COVID-19 business interruption cases. The start of a new year gives us an opportunity to highlight some of 2020’s most notable coverage decisions. COVID-19 Business Interruption Insurance companies...

Court Refuses to Dismiss Spa's COVID-19 Business Income Claim - Vimarsana News

Court Refuses to Dismiss Spa's COVID-19 Business Income Claim

Friday, December 18, 2020 On December 9, 2020, in  Light Stream Spa v. State Farm Mutual Automobile Ins. Co., No 2:20-cv-00265-RAJ-LRL (E.D.V.A. Dec. 9, 2020), a Virginia federal court refused to dismiss a majority of the policyholder’s breach of contract claim and its request for bad faith damages, declaratory judgment and class certification, all stemming from the insurers’ denial of coverage for COVID-19 related business income losses. The policyholder, a spa, purchased an all-risk property insurance policy with coverage for, among other things, loss of business income and e...