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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

Many property adjusters and policyholders often think of business income and interruption claims as being solely an accounting function. appeared first on Property Insurance Coverage Law Blog. This is not true because there must be a determination of the “period of restoration.”

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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 (..)

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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

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The Evolution of Commercial Insurance: Key Trends to Watch in 2025

Protect Commercial Insurance

As we look towards 2025, businesses are keenly aware of the potential for future global health crises. Insurance products addressing pandemic risks will likely evolve to include integrated response plansspanning business interruption, supply chain disruption, and employee health coverage.