COVID-19 And Business Interruption Insurance: Ambiguity Remains – InsuranceNewsNet
“…as we cross this one-year anniversary, that lack of clarity persists as insurance carriers and courts apply policy considerations in strikingly differing manners. This is resulting in wildly varying outcomes for insureds. Most claims against insurers for denial of business interruption insurance claims turn on 1) the issues of whether a “physical loss” has occurred, or 2) whether virus exclusions preclude coverage.”