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Business interruption insurance: pandemic claims
The insurance cover for business interruption losses is typically triggered by material damage that gives rise to the financial loss. Although it has been suggested in some US courts that the Covid-19 virus might cause material damage to property, the definition of damage – physical alteration to the integrity of property – removes any serious possibility of the argument’s success. Accordingly, if there is to be business interruption cover following a pandemic there has to be some trigger of cover independent of physical damage.
Online Published Date:
22 September 2020
Appeared in issue:
Vol 32 No 9 - 22 September 2020
Informa Law resumes the print and distribution of Insurance Law Monthly
Following the temporary halt to our normal print and distribution of Insurance Law Monthly due to the coronavirus pandemic, Informa Law is pleased to confirm that hard copy publication will begin to be distributed again from 1 January 2021...
Online Published Date:
16 October 2020
Appeared in issue:
Vol 32 No 9 - 22 September 2020