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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 scenario, from oil and gas to transit and beyond. And, should an incident occur, smart monitoring systems...
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 Global, to respond to the university’s claim and pay damages under multiple provisions of the uni...
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 Evanston's 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. Pritzker's executive orders issued in response to the coronavirus pandemic. City staff say at least a dozen theater operators have already expressed interest in replacing Plano, Texas-based ...
Live Nation Entertainment The promoter says it's 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 diseases like COVID-19 were covered. Live Nation is the latest company to join a growing group who s...