- July 23, 2021
- Posted by: Stratford Team
- Category: Business
Prominent New Jersey restaurateur and businesswoman Adenah Bayoh had strong words about the insurance industry when she testified Thursday at a U.S. Senate subcommittee hearing chaired by New Jersey’s Sen. Bob Menendez.
Bayoh is the founder and CEO of Adenah Bayoh and Cos., the parent corporation of IHOP franchises in Paterson, Irvington and Newark as well as her own restaurant chain, Cornbread, and a real estate development portfolio with hundreds of millions of dollars in urban redevelopment projects.
She told the subcommittee she was stunned by what happened at the beginning of the pandemic.
“Despite all of my hard-earned successes, everything came crashing down in March of last year, when restaurants were among the first businesses to shut down,” she said.
Bayoh said she had business interruption insurance with Chubb and Liberty Mutual that was supposed to cover 12 months of actual loss of business income if…
