The appeal of COVID-19 business interruption appeals

A restaurant closed due to the outbreak of COVID-19 in New Jersey, March 16, 2020. REUTERS/Eduardo Munoz

July 9, 2021 – More than one year has passed since the start of the COVID-19 global pandemic. According to the Centers for Disease Control, COVID-19 has infected more than 33 million people in the United States and more than 600,000 have died.

Also in that time, hundreds of thousands of stateside businesses have careened into economic despair, and in many cases have had no choice but to file for bankruptcy protection. Policyholders have called and continue to call on their business interruption insurance policies to respond to pandemic-related losses. Trillions are at stake.

More than 1,900 lawsuits have been filed, according to data compiled by the University of Pennsylvania Carey Law School. Key battleground areas include whether there is direct physical loss or damage to property and whether virus exclusions are enforceable and eliminate coverage….

Read more…