Insurance
Jul. 31, 2020
Multiple approaches touted at hearing on business interruption insurance disputes
While some policyholders were in favor of consolidating the ever growing number of lawsuits into one big multi-district ligation, other plaintiff groups and all insurer-defendants throughout the country opposed the idea.
With hundreds of billions of dollars at stake and more than 400 people listening in via CourtCall, a multi-district litigation panel in Washington D.C. heard oral arguments Thursday to decide whether to consolidate lawsuits accusing insurance companies of wrongfully denying business interruption coverage after local governments forced businesses to close amid the pandemic.
While some policyholders were in favor of consolidating the ...
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