Update on Business Interruption Insurance Claims for COVID-19 Losses

Not long after the COVID-19 shutdowns and stay-at-home orders began in mid-March 2020, businesses across the country submitted insurance claims for lost revenue, typically under “business income” provisions of their property insurance policies. Insurers denied the vast majority of these claims, leading to scores of lawsuits asking courts to make insurers honor their contracts. Litigation about these claims began within weeks and undoubtedly will continue for quite some time. Courts around the country have started issuing rulings and we are seeing the landscape develop before us.