North Carolina Superior Court Bucks National Trend and Rules for Policyholders in COVID-19 Business Interruption Suit
By EsqSocial Corporation 03/11/20
State and local governments around the country, including in North Carolina, directed bars, restaurants, and other businesses to suspend or limit operations in response to the COVID-19 pandemic. These orders, in turn, spawned an unprecedented number of business interruption lawsuits against insurance companies. Commercial property insurance policies, insurers argue, do not afford coverage for economic losses caused by a public health crisis. But in the first ruling in North Carolina, a Durham...
By: Cranfill Sumner & Hartzog LLP