Companies Denied Business Interruption Insurance Claims Due to COVID-19 Outbreak Battle The Insurance Industry

Companies Denied Business Interruption Insurance Claims Due to COVID-19 Outbreak Battle The Insurance Industry

The Washington Post reports that as mandatory isolation orders have caused the shutdown of businesses across the nation, a multibillion-dollar deadlock has arisen between the nation’s leading insurers and the companies that purchase their business interruption insurance policies. The heated battle between the groups hinges on the question of whether insurance providers should have to pay claims to businesses that have shuttered as a result of the Coronavirus outbreak. [Read more…]