Business Insurance
Insurance Companies Refusal to Cover Covid-19 Business Losses Class Action
The defendants in this class action are a long list of insurance companies, including Certain Underwriters at Lloyd’s, London, Westchester Surplus Lines Insurance Company, HDI Global Insurance Company, and others. These companies insured businesses for Business Income, Extra Expense, and Civil Authority coverage which the complaint alleges should cover losses to a group called the Read more
Cincinnati Insurance Company Depreciation of Labor in Payouts Class Action
Can an insurance company calculating a payout for property damage depreciate labor costs? This class action brings suit against the Cincinnati Insurance Company alleging that it should not have depreciated labor in its calculations of payouts for damage to insured properties. Read more
Truck Insurance Exchange General Contractor Payments Settlement
This settlement resolves a class action against Truck Insurance Exchange, Farmers Insurance Exchange, Fire Insurance Exchange, Mid-Century Insurance Company, and Farmers Insurance Company of Arizona, on the issue of general contractor’s overhead and profit (GCOP) charges. The complaint alleged that, under certain commercial and residential insurance policies, Farmers was required to pay GCOP as part Read more
Sentinel Insurance No Payouts for Covid-19 Business Losses Class Action
Sentinel Insurance Companies, Limited offers insurance policies, including for commercial all-risk insurance. But the complaint for this class action alleges that Sentinel has breached its contracts because it is refusing to pay out to compensate policyholders for business losses incurred because of Covid-19 closures. Read more
Falls Lake National Insurance No Payout for Covid-19 Closures Class Action
At the beginning of the Covid-19 pandemic, businesses around the country were forced to close their doors for a time to avoid spreading the disease. But many of them are finding that their insurance carriers are unwilling to pay for these interruptions of business. The complaint for this class action alleges that Falls Lake National Read more
Auto-Owners Insurance Higher Property Valuation for Lower Payout Class Action
On May 18, 2019, Mason’s Automotive Collision Center was damaged by a tornado. Mason’s was insured by Auto-Owners Insurance Company under a policy that does not cover damage to the building’s foundation. However, the complaint for this class action alleges Auto-Owners includes the cost of foundation repair “as part of a scheme to reduce the Read more
Truck Insurance Exchange No Coverage for Covid-19 Losses Class Action
In March 2020, the World Health Organization (WHO) classified the Covid-19 outbreak as a pandemic. That same month, the Centers for Disease Control and Prevention (CDC), the national Coronavirus Task Force, and numerous states undertook measures to stem the spread of the disease, including issuing orders to stay at home and close businesses. The complaint Read more
Truck Insurance Exchange Denial Covid-19 Business Losses WA Class Action
The complaint for this class action alleges that Truck Insurance Exchange is refusing to provide coverage for losses and damages to Washington businesses that resulted from governmental orders to close down to prevent the spread of Covid-19. Read more
Erie Insurance Exchange Refusal to Pay for Covid-19-Related Losses Class Action
Three businesses in Pennsylvania and Virginia are suing Erie Insurance Exchange, because of losses incurred due to measures taken to prevent the spread of Covid-19. The three, High Tech Hair, LLC, Capucinno [sic] Pizzeria Ristorante La Villa, and Rose Glam Hair Studio, LLC, were all insured under Erie’s Ultrapack Plus Commercial Property Coverage form. Read more
Hanover Insurance Refusal to Pay Covid-19 Business Losses Class Action
When businesses buy insurance, they can select coverage for business interruptions, to cover losses and extra expenses incurred when normal operations are interrupted due to physical loss or damage to the property. The Hanover American Insurance Company and the Hanover Insurance Group, Inc. sell such coverage, the complaint for this class action claims, but is Read more