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Business Interruption Insurance and the absence of Damage

07 April 2021

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.

Policy interpretation – “interruption”

01 April 2021

The United Kingdom Supreme Court, in the FCA Test case appeal, dealt with the meaning of “interruption” in a Business Interruption policy.

Subrogated claim against fire-causing students rejected because students were insureds (US)

30 March 2021

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.

Policy interpretation – “inability to use”

29 March 2021

The FCA Test Case appeal in the UK Supreme Court dealt with the meaning of “inability to use” business premises in the relevant non-damage extensions to the business interruption section of the policy considered by the court.

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The strongest deterrent against FSP compliance missteps is or should be:

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