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Boston Marriott Hits Insurer For Limiting Virus Coverage


Boston Marriott Hits Insurer For Limiting Virus Coverage
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Law360 (May 18, 2021, 6:16 PM EDT) ....

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COVID-19 Insurance Claim Denial Lawsuit Will Proceed: Judge


COVID-19 Insurance Claim Denial Lawsuit Will Proceed: Judge
At least one insurer will have to defend its denial virus-related business interruption insurance losses after a California federal judge ruled the high-profile case can proceed.
U.S. District Judge Cormac Joseph Carney ruled in favor of Sunstone Hotel Investors in denying a motion by Endurance American Specialty Insurance Co. to toss out the $40 million suit. The judge rejected the claim that the investors were required to meet a $100,000 deductible for cleanup costs before tapping into business interruption coverage.
So far, insurers have been mostly successful at fending off business interruption lawsuits stemming from the COVID-19 pandemic. Disputes are generally focused on whether the virus is a valid exclusion under policies. ....

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Sunstone Hotel Investors Announces Chief Operating Officer Transition


Sunstone Hotel Investors Announces Chief Operating Officer Transition
Marc Hoffman, Chief Operating Officer, to Retire
Chris Ostapovicz to Join Sunstone as Successor
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IRVINE, Calif., March 3, 2021 /PRNewswire/  Sunstone Hotel Investors, Inc. (the Company or Sunstone ) (NYSE: SHO), the owner of Long-Term Relevant Real Estate® in the hospitality sector, today announced the retirement of Marc Hoffman, Executive Vice President & Chief Operating Officer.  Mr. Hoffman joined Sunstone in 2006 and has been responsible for Asset Management and Design & Construction.  Chris Ostapovicz has been appointed Senior Vice President & Chief Operating Officer.  Mr. Ostapovicz will join the Company in March and will report to John Arabia, President & Chief Executive Officer.  Mr. Hoffman will remain with the Company during a period of transition. ....

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