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Flexibility reigns in the COVID-19-era of remote working, driving trends such as semigration where professionals can escape the big city for the coast or countryside without taking a pay cut.
A claim under a business interruption policy generally requires a valid claim under the material damage section of the policy. And the damage must occur during the currency of the policy.
The United Kingdom Supreme Court, in the FCA Test case appeal, dealt with the meaning of “interruption” in a Business Interruption policy.
The insurer was denied the right to sue two former college students for $4.5 million the insurer had paid to the school after the students accidentally set fire to the dormitory. It was held that the students accommodated in dormitories were equivalent to tenants and insured under the school’s fire policy.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?