• Contact Us
  • About
  • Advertise
  • Privacy & Policy
Sunday, July 26, 2026
  • Login
E3P Motor Insurance
  • Home
  • Insurance
  • Pension
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
  • Home
  • Insurance
  • Pension
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
No Result
View All Result
Business Post
No Result
View All Result
Home Insurance

US Business Interruption Ruling Doesn’t Go Insurers Way

Nwanne Ikemefune by Nwanne Ikemefune
February 27, 2021
in Insurance
0 0
0
The gavel of Justice
0
SHARES
95
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

A court ruling in Chicago offers hope for businesses whose business interruption claims resulting from Covid-19 shutdowns have been denied by their insurance companies.

A federal court judge has rejected a bid by Wisconsin-based Society Insurance to dismiss lawsuits filed by several clients whose operations were either closed or severely curtailed because of the pandemic-imposed lockdown, according to a report by the Chicago Tribune.

The ruling allows these cases to move forward in court.

Dozens of businesses have sued Society, a popular insurer for the hospitality industry in the Midwest, for its refusal to cover coronavirus-related business interruption claims.

Last August, all the cases against the insurer were consolidated in a multidistrict litigation before Judge Edmond Chang. He selected three bellwether cases — those filed by Chicago-based Valley Lodge Tavern and Big Onion Tavern Group, and Wisconsin-based Rising Dough — to represent the group. His ruling against Society applies to all the cases before his court.

The insurer told the Chicago Tribune that it was disappointed with the ruling and is exploring its options. “This is an early, preliminary ruling, and does not resolve the merits,” it said in an emailed statement. “Society will continue to vigorously defend its interests in the litigation.”

The main point in many similar cases is whether the presence of the coronavirus and the government-mandated shutdowns to curb its transmission constitute direct physical damage or loss to property that prompts business interruptions claims. Typically, this type of coverage applies when the property is damaged by natural or man-made calamities.

Chang ruled that capacity limits and the inability of businesses to fully use their establishments could be interpreted by “a reasonable jury” as direct physical loss covered by the language of Society’s policies.

Additionally, most insurance companies offer policies with explicit virus or pandemic exclusions. Society’s policies, however, do not have such exclusions.

Source: Insurance Business America By Mark Rosanes
Previous Post

Brokers Council Calls For Digital Infrastructure To Fight Crime

Next Post

Coca-Cola Pension Fund ILS Allocation Grew 5% To $362m In 2020

Nwanne Ikemefune

Nwanne Ikemefune

Related Posts

Leadway Advocates Safety First as Nigerians Embrace The New Year
Insurance

Leadway Assurance, Insurtainment Penetrate Nigeria’s Creative Sector With Inaugural Policy And Industry Forum

July 23, 2026
Insurance Remains The Antidote For Solving Nigeria’ Housing Protection Challenge – Wole Fayemi
Insurance

Insurance Remains The Antidote For Solving Nigeria’ Housing Protection Challenge – Wole Fayemi

July 22, 2026
emPLE, Ecobank Rewards Families, Promotes Financial Literacy With “Protecting Little Dreams” Initiative
Insurance

emPLE, Ecobank Rewards Families, Promotes Financial Literacy With “Protecting Little Dreams” Initiative

July 20, 2026
Next Post
Coca Cola

Coca-Cola Pension Fund ILS Allocation Grew 5% To $362m In 2020

Please login to join discussion
NEM INSURANCE NEM INSURANCE NEM INSURANCE
  • Trending
  • Comments
  • Latest
Loss Adjusters Receive Charge To Match Speed Of New Developments

Loss Adjusters Receive Charge To Match Speed Of New Developments

April 27, 2024
NCRIB And Universal In Pictures

NCRIB And Universal In Pictures

May 4, 2024
tope smart NIA former chairman

Insurance Milestone: A Beacon To Follow

April 3, 2022
Custodian Investment To Acquire 51% Stake In UACN Property

Penetration: Operators Call For Insurance-In-Action

November 2, 2022
ncrib logo

NCRIB Sets The Stage For Adaramola’s Tenure

June 7, 2023
Buyer Power Grows Ahead of 2026 Reinsurance Renewals

Reinsurance Rates May Increase, But Momentum To Wane: Fitch

April 17, 2026
Linkage Assurance Aligns With Brokers For Growth

Linkage Assurance Aligns With Brokers For Growth

December 6, 2021
Preferred PenCom Logo

PenCom Board Crafted To Hedge Setback

February 1, 2021
PTAD Wipes 21,227 Parastatals Pensioners From Payroll

PTAD Wipes 21,227 Parastatals Pensioners From Payroll

January 31, 2021
Preferred PenCom Logo

PenCom Board Back-To-Work Pass, Gets Tick Over

May 4, 2025
Anchor MD Loses Father

Anchor MD Loses Father

2
Regulators Clear Guinea Insurance  For Private Placement

Regulators Clear Guinea Insurance For Private Placement

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

NAICOM Inaugurates Discount Rate Committee To Ease Insurance Contracts Under IFRS 17

2
Insurance Mastercard Joe Irukwu Passes On

Insurance Mastercard Joe Irukwu Passes On

2
AIICO Head office

Car Insurance Takes A New Turn With AIICO, ETAP ‘Redefine Partnership’

2
Authenticity Of Motor Policy, Technology Crowns Policyholders Verifying Partners

Authenticity Of Motor Policy, Technology Crowns Policyholders Verifying Partners

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

2
Ebere Nwoji Makes It Back To Back As 2023 Print Media Reporter

Ebere Nwoji Makes It Back To Back As 2023 Print Media Reporter

2
Loss Adjusters Receive Charge To Match Speed Of New Developments

Loss Adjusters Receive Charge To Match Speed Of New Developments

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

Federal Government & NAICOM Working On New Guidelines For Insuring Government Assets

2
Jonathan Applauds NCDMB’s Milestones, Credits China’s Model For Shaping Nigeria’s Local Content Policy

Jonathan Applauds NCDMB’s Milestones, Credits China’s Model For Shaping Nigeria’s Local Content Policy

July 22, 2026
Insurance Remains The Antidote For Solving Nigeria’ Housing Protection Challenge – Wole Fayemi

Insurance Remains The Antidote For Solving Nigeria’ Housing Protection Challenge – Wole Fayemi

July 22, 2026
NAICOM logo

National Insurance Regulatory Commission Replaces NAICOM in Senate Bill Change of Name

July 22, 2026
emPLE, Ecobank Rewards Families, Promotes Financial Literacy With “Protecting Little Dreams” Initiative

emPLE, Ecobank Rewards Families, Promotes Financial Literacy With “Protecting Little Dreams” Initiative

July 20, 2026
Sovereign Trust Insurance Plc MD/CEO Mantle Falls on Durojaiye

Beyond Basic Third-Party Insurance: Why Every Motorist Should Consider Enhanced Cover

July 20, 2026
Insurance Meets Tech Congratulates New NIA and CIIN Leaders, Arrow Heads in a Defining Season of Reform

Insurance Meets Tech Congratulates New NIA and CIIN Leaders, Arrow Heads in a Defining Season of Reform

July 20, 2026
Awards Drenched Leadway Pensure Exceeds Target, Records 25% Growth In 2023

LeadwayPensure Urges All Income Earners to Make Early Retirement First Line Charge, Implores Laggards to Join

July 19, 2026
Dangers Stifling Wholesome Healthcare Package Sliced For Dislodge… Journalist Advised on AI Due Diligence

Dangers Stifling Wholesome Healthcare Package Sliced For Dislodge… Journalist Advised on AI Due Diligence

July 19, 2026
NCDMB, Renaissance Begin Training For 300 Nigerians in Oil And Gas Field Readiness

NCDMB, Renaissance Begin Training For 300 Nigerians in Oil And Gas Field Readiness

July 18, 2026
12 Month Recapitalisation, Risk Based Capital Race  on NIIRA 2025 Commences With Clear Avoidable, More Expectations

NAICOM Knocks Unyielding Niger Insurance Directors For Misleading Actions

July 18, 2026

Recent News

Jonathan Applauds NCDMB’s Milestones, Credits China’s Model For Shaping Nigeria’s Local Content Policy

Jonathan Applauds NCDMB’s Milestones, Credits China’s Model For Shaping Nigeria’s Local Content Policy

July 22, 2026
Insurance Remains The Antidote For Solving Nigeria’ Housing Protection Challenge – Wole Fayemi

Insurance Remains The Antidote For Solving Nigeria’ Housing Protection Challenge – Wole Fayemi

July 22, 2026
NAICOM logo

National Insurance Regulatory Commission Replaces NAICOM in Senate Bill Change of Name

July 22, 2026
emPLE, Ecobank Rewards Families, Promotes Financial Literacy With “Protecting Little Dreams” Initiative

emPLE, Ecobank Rewards Families, Promotes Financial Literacy With “Protecting Little Dreams” Initiative

July 20, 2026
Sovereign Trust Insurance Plc MD/CEO Mantle Falls on Durojaiye

Beyond Basic Third-Party Insurance: Why Every Motorist Should Consider Enhanced Cover

July 20, 2026
Insurance Meets Tech Congratulates New NIA and CIIN Leaders, Arrow Heads in a Defining Season of Reform

Insurance Meets Tech Congratulates New NIA and CIIN Leaders, Arrow Heads in a Defining Season of Reform

July 20, 2026
Awards Drenched Leadway Pensure Exceeds Target, Records 25% Growth In 2023

LeadwayPensure Urges All Income Earners to Make Early Retirement First Line Charge, Implores Laggards to Join

July 19, 2026
Dangers Stifling Wholesome Healthcare Package Sliced For Dislodge… Journalist Advised on AI Due Diligence

Dangers Stifling Wholesome Healthcare Package Sliced For Dislodge… Journalist Advised on AI Due Diligence

July 19, 2026
NCDMB, Renaissance Begin Training For 300 Nigerians in Oil And Gas Field Readiness

NCDMB, Renaissance Begin Training For 300 Nigerians in Oil And Gas Field Readiness

July 18, 2026
12 Month Recapitalisation, Risk Based Capital Race  on NIIRA 2025 Commences With Clear Avoidable, More Expectations

NAICOM Knocks Unyielding Niger Insurance Directors For Misleading Actions

July 18, 2026
Image Spin: 53rd CIIN President, Orimolade Takes The Helm

Image Spin: 53rd CIIN President, Orimolade Takes The Helm

July 18, 2026
Insurance Industry Gets National Assembly Priority Nod For Its Ranking as Foremost Risk Carrier, Economy Developer

Insurance Industry Gets National Assembly Priority Nod For Its Ranking as Foremost Risk Carrier, Economy Developer

July 18, 2026
14 Days to Drop Recapitalisation Curtain, NAICOM Remains Firm on Compliance

14 Days to Drop Recapitalisation Curtain, NAICOM Remains Firm on Compliance

July 17, 2026
Collaboration Between Agriculture And Insurance Sectors Enter Into Policy Formulation Phase

Collaboration Between Agriculture And Insurance Sectors Enter Into Policy Formulation Phase

July 16, 2026
NEM Insurance NEM Insurance NEM Insurance
Business Post

We connect brands with buyers and sellers of insurance, pension and also project insurance and allied Businesses to the trending generation. We help the various public to adapt to the constant changes as it would impact, and also enable advertisers to connect, engage and target opportunities on line , in print and in person.

Browse by Category

  • Business Unlimited
  • Feature
  • Insurance
  • News
  • OIL & ENERGY
  • Pension
  • Travel
  • Uncategorized

Recent News

Jonathan Applauds NCDMB’s Milestones, Credits China’s Model For Shaping Nigeria’s Local Content Policy

Jonathan Applauds NCDMB’s Milestones, Credits China’s Model For Shaping Nigeria’s Local Content Policy

July 22, 2026
Insurance Remains The Antidote For Solving Nigeria’ Housing Protection Challenge – Wole Fayemi

Insurance Remains The Antidote For Solving Nigeria’ Housing Protection Challenge – Wole Fayemi

July 22, 2026
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 BusinessPost

No Result
View All Result
  • Home
  • Insurance
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
  • Contact Us
  • About
  • Advertise
  • Privacy & Policy

© 2023 BusinessPost

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In