Remove Business Interruption Remove Insurer Remove Property Insurance
article thumbnail

Texas Health System Loses COVID-19 Business Interruption Suit

Insurance Journal

By Ezra Amacher A Texas nonprofit health system who purchased a specialized commercial property insurance policy is not covered for business interruption losses caused by COVID-19, a 5th Circuit Court of Appeals panel ruled, relying on existing precedent that COVID-19 …

article thumbnail

Appraising Facts Regarding Business Income Loss Much More Efficiently Than Litigating and Then Appraising Business Interruption Losses

Property Insurance Coverage Law

This is especially true when the policy calls for arbitration of a commercial dispute, where the costs of the arbitration panel can run into hundreds of thousands of dollars and discovery is conducted, with parties paying for arbitrators, … The post Appraising Facts Regarding Business Income Loss Much More Efficiently Than Litigating and Then (..)

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Can an Appraisal Panel Determine the Period of Restoration for a Business Interruption Dispute? Does the Panel Have to State the Period of Restoration In the Appraisal Award?

Property Insurance Coverage Law

A question sometimes arises whether the “period of restoration” is a coverage question reserved for courts or an issue that an … The post Can an Appraisal Panel Determine the Period of Restoration for a Business Interruption Dispute? appeared first on Property Insurance Coverage Law Blog.

article thumbnail

What Is Business Income Insurance?

Property Insurance Coverage Law

Fires, thefts, and other unexpected events can bring business to a halt, leading to significant revenue losses. That’s where business income insurance comes in. Business income insurance, also known as business interruption insurance, helps cover the loss of income … The post What Is Business Income Insurance?

article thumbnail

Reflections on the Erie COVID-19 MDL: A Bittersweet Journey Through Unprecedented Insurance Coverage Territory

Property Insurance Coverage Law

The recent voluntary dismissal of the Erie COVID-19 Business Interruption Protection Insurance Litigation marks the end of a significant chapter in insurance coverage law.1

article thumbnail

Navigating Commercial Property Insurance: A Guide for New Investors in California

Jackson & Jackson

One of the most crucial aspects to consider is commercial property insurance. This guide aims to help new investors understand the basics of commercial property insurance in California, ensuring that their investments are protected against unforeseen events.

article thumbnail

Understanding Multi-Family Property Insurance in California.

Jackson & Jackson

Investors must understand the importance of securing comprehensive commercial property insurance coverage to protect their investments. This article aims to provide an in-depth overview of ensuring multi-unit commercial properties in California, highlighting key considerations for investors.