AD Loading advertisement… 00:00 / 05:51 This article is in your queue. Businesses have long relied on insurance to cover losses from unexpected disruptions. But they have faced an uphill battle in trying to get carriers to pay out on one of the biggest ever: pandemic shutdowns. Insurers that sold “business interruption” coverage have denied claims by companies that suffered through lockdowns or other fallout of the Covid-19 pandemic, and many courts have shot down subsequent lawsuits. The presence of virus wasn’t enough to trigger the policies, which generally require some kind of physical damage to property, the courts say. Businesses, however, continue to litigate in hopes of a payout. “What has happened to the policyholders throughout the nation has been fundamentally unfair,” said Robin Cohen, chair of the law firm Cohen Ziffer Frenchman & McKenna. She aims to convince New York’s highest court that insurance companies have tried to get out of what they owe her client, Consolidated Restaurant Operations Inc., which runs dozens of restaurants and employs more than 3,200 people. Robin Cohen, chair of Cohen Ziffer Frenchman & McKenna. Photo: Gittings “They took in these premiums and they assumed the risk,” she said of the insurers. […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
