Page 12 - Certain Underwriters News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To embed, copy and paste the code into your website or blog: The ongoing COVID-19 pandemic has impacted the United States economy in a profoundly negative manner. Retail stores, restaurants and other direct-customer-facing businesses have been especially hard hit. Throughout the U.S., most states and municipalities have at various points throughout the pandemic issued “shut down” orders to businesses in order to mitigate the spread of the virus. Businesses complied and suffered tremendous losses as a result. As we forecasted, many businesses subsequently filed claims with their commercial...

Jef Feeley and Katherine Chiglinsky, Bloomberg News NEW ORLEANS, LA - MARCH 16: People eat at Oceana Grill on Bourbon Street as Louisiana Governor John Bel Edwards orders bars, gyms and casinos to close until April 13th due to the spread of coronavirus (COVID-19) on March 16, 2020 in New Orleans, Louisiana. Oceana Grill is suing Lloyd’s of London to cover losses caused by the government-ordered closures due to the coronavirus. The World Health Organization declared COVID-19 a global pandemic on March 11. (Photo by Chris Graythen/Getty Images) ...

First Coronavirus Business Interruption Trial Gets Underway The owners of a restaurant in the heart of the New Orleans French Quarter are asking a Louisiana judge to order some Lloyd’s of London insurers to cover losses from the Covid-19 outbreak — the first of a growing number of U.S. business interruption claims to go to trial. The 500-seat Oceana Grill seeks to persuade Judge Paulette Irons that its “all-risks” policy covers losses attributed to a shut-down order the government issued because of the coronavirus pandemic. The non-jury trial started Monday in state court New Orleans....

Covid-Loss Case by Restaurant Is First U.S. Test for Insurers Bloomberg 12/17/2020 Jef Feeley and Katherine Chiglinsky (Bloomberg) -- The owners of a restaurant in the heart of the New Orleans French Quarter are asking a Louisiana judge to order some Lloyd’s of London insurers to cover losses from the Covid-19 outbreak -- the first of a growing number of U.S. business-interruption claims to go to trial. The 500-seat Oceana Grill seeks to persuade Judge Paulette Irons that its “all-risks” policy covers losses attributed to a shut-down order the government issued because...