• Contact Us
  • About
  • Advertise
  • Privacy & Policy
Monday, October 20, 2025
  • 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
86
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

Draining The Expanse Pool of Uninsured, Raising The Imperative of Proactive Financial Planning
Insurance

Draining The Expanse Pool of Uninsured, Raising The Imperative of Proactive Financial Planning

October 17, 2025
Leadway Assurance Bags Double Honours at 2025 BAFI Awards
Insurance

Leadway Assurance Bags Double Honours at 2025 BAFI Awards

October 14, 2025
Africa Climate Change Disasters: Insurance Gains Prominence, As Traditional Budgets Fail to Cope
Insurance

Africa Climate Change Disasters: Insurance Gains Prominence, As Traditional Budgets Fail to Cope

October 13, 2025
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
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 And Universal In Pictures

NCRIB And Universal In Pictures

May 4, 2024
Buyer Power Grows Ahead of 2026 Reinsurance Renewals

Reinsurance Rates May Increase Into 2022, But Momentum To Wane: Fitch

September 19, 2025
ncrib logo

NCRIB Sets The Stage For Adaramola’s Tenure

June 7, 2023
Preferred PenCom Logo

PenCom Board Crafted To Hedge Setback

February 1, 2021
Linkage Assurance Aligns With Brokers For Growth

Linkage Assurance Aligns With Brokers For Growth

December 6, 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
Preferred PenCom Logo

Diminution And Growth Knock Heads in August Statistics of Pension Funds Portfolio

October 20, 2025
Heirs Insurance Essay Championship, 13-year-old Rhema-Love Abraham Emerges Winner of 2025 Edition

Heirs Insurance Essay Championship, 13-year-old Rhema-Love Abraham Emerges Winner of 2025 Edition

October 17, 2025
Draining The Expanse Pool of Uninsured, Raising The Imperative of Proactive Financial Planning

Draining The Expanse Pool of Uninsured, Raising The Imperative of Proactive Financial Planning

October 17, 2025
Fola Daniel To Chair NAIPE Conference Set For October 8th

NAIPE Confab offers Microchips With Capacity to Transform Insurance And Pension Industries

October 14, 2025
Leadway Assurance Bags Double Honours at 2025 BAFI Awards

Leadway Assurance Bags Double Honours at 2025 BAFI Awards

October 14, 2025
Africa Climate Change Disasters: Insurance Gains Prominence, As Traditional Budgets Fail to Cope

Africa Climate Change Disasters: Insurance Gains Prominence, As Traditional Budgets Fail to Cope

October 13, 2025
Financial Inclusion, 150 Informal Workers Financial Literacy Upgraded by Heirs Insurance 

Heirs Insurance Group Response to Inclusive Travel Ecosystems For Africans Sets For Inaugural Launch

October 13, 2025
THE OMBUDSMAN, THE JOURNAL OF INSURANCE LAW, Presides Over NIIRA 2025 in Special Edition

THE OMBUDSMAN, THE JOURNAL OF INSURANCE LAW, Presides Over NIIRA 2025 in Special Edition

October 12, 2025
Image Spin: NEM Insurance Coalesces, Beams Service Higher to Mark 2025 Customer Service Week

Image Spin: NEM Insurance Coalesces, Beams Service Higher to Mark 2025 Customer Service Week

October 11, 2025
ILAN New President, Udobi Sets to Stretch Limits With BIRDS Approach to Loss Adjusters Upgrade

ILAN New President, Udobi Sets to Stretch Limits With BIRDS Approach to Loss Adjusters Upgrade

October 10, 2025
ADVERTISEMENT

Recent News

Preferred PenCom Logo

Diminution And Growth Knock Heads in August Statistics of Pension Funds Portfolio

October 20, 2025
Heirs Insurance Essay Championship, 13-year-old Rhema-Love Abraham Emerges Winner of 2025 Edition

Heirs Insurance Essay Championship, 13-year-old Rhema-Love Abraham Emerges Winner of 2025 Edition

October 17, 2025
Draining The Expanse Pool of Uninsured, Raising The Imperative of Proactive Financial Planning

Draining The Expanse Pool of Uninsured, Raising The Imperative of Proactive Financial Planning

October 17, 2025
Fola Daniel To Chair NAIPE Conference Set For October 8th

NAIPE Confab offers Microchips With Capacity to Transform Insurance And Pension Industries

October 14, 2025
Leadway Assurance Bags Double Honours at 2025 BAFI Awards

Leadway Assurance Bags Double Honours at 2025 BAFI Awards

October 14, 2025
Africa Climate Change Disasters: Insurance Gains Prominence, As Traditional Budgets Fail to Cope

Africa Climate Change Disasters: Insurance Gains Prominence, As Traditional Budgets Fail to Cope

October 13, 2025
Financial Inclusion, 150 Informal Workers Financial Literacy Upgraded by Heirs Insurance 

Heirs Insurance Group Response to Inclusive Travel Ecosystems For Africans Sets For Inaugural Launch

October 13, 2025
THE OMBUDSMAN, THE JOURNAL OF INSURANCE LAW, Presides Over NIIRA 2025 in Special Edition

THE OMBUDSMAN, THE JOURNAL OF INSURANCE LAW, Presides Over NIIRA 2025 in Special Edition

October 12, 2025
Image Spin: NEM Insurance Coalesces, Beams Service Higher to Mark 2025 Customer Service Week

Image Spin: NEM Insurance Coalesces, Beams Service Higher to Mark 2025 Customer Service Week

October 11, 2025
ILAN New President, Udobi Sets to Stretch Limits With BIRDS Approach to Loss Adjusters Upgrade

ILAN New President, Udobi Sets to Stretch Limits With BIRDS Approach to Loss Adjusters Upgrade

October 10, 2025
Sovereign Trust Insurance Plc Goes Unique Celebrating Customer Service Week

Sovereign Trust Insurance Plc Goes Unique Celebrating Customer Service Week

October 9, 2025
ILAN Hails NIIRA Elevation of Loss Adjusters, Presses NIA to Shift Ground Over Professional Fee Negotiation

ILAN Hails NIIRA Elevation of Loss Adjusters, Presses NIA to Shift Ground Over Professional Fee Negotiation

October 11, 2025
Advans Nigeria Wins ‘Microfinance Bank of the Decade’ at The Edge Awards

Advans Nigeria Wins ‘Microfinance Bank of the Decade’ at The Edge Awards

October 9, 2025
Expert Urges Journalists to Prioritize Their Wellbeing With Strict Health Checks

Expert Urges Journalists to Prioritize Their Wellbeing With Strict Health Checks

October 8, 2025
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

Preferred PenCom Logo

Diminution And Growth Knock Heads in August Statistics of Pension Funds Portfolio

October 20, 2025
Heirs Insurance Essay Championship, 13-year-old Rhema-Love Abraham Emerges Winner of 2025 Edition

Heirs Insurance Essay Championship, 13-year-old Rhema-Love Abraham Emerges Winner of 2025 Edition

October 17, 2025
  • 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