Businesses throughout the nation are struggling to survive in the new environment of closures, social distancing and lock-downs. The loss of income is catastrophic to the business owners and employees alike. One potential source of funds is through business insurance, a source probably never intended for the claims now being made. The American Property Casualty …
A series of class action lawsuits have been initiated against certain insurers who have denied business interruption claims filed by their insureds. In each case, the businesses – which include bakeries, taverns, restaurants, nightclubs and bridal retailers – allege they paid premiums to the insurance companies for business interruption insurance for situations where they could …
The COVID-19 pandemic and “Stay at Home” orders issued in response have had an immediate and significant impact on the activities of California businesses and individual policyholders. As a result, California Insurance Commissioner Ricardo Lara has noted that “projected loss exposures of many insurance policies have become overstated or misclassified” and has ordered premium reductions …
In order to continue to prioritize the health and safety of our colleagues, clients, and contacts, Stone | Dean LLP has successfully initiated and implemented a Business Continuity Plan. The Plan requires all attorneys, paralegals, and support staff to work remotely. Where in-office staffing is necessary, strict social distancing is observed and only those personnel …
Since it appears that we are all going to be spending some (i.e., too much) “quality time” with our family and other home-dwellers, we thought would provide you with list of things to do, and eat, that might make the time pass in a more enjoyable, productive, and informative fashion. Enjoy! Learning LinkedIn – Allowing access …
To soften the economic impact of the COVID-19 pandemic, many businesses are assessing their insurance policies whether existing insurance policies may provide some relief. A New Orleans restaurant recently filed the first of a potential flood of lawsuits seeking insurance benefits to cover losses from government-mandated closures due to the novel coronavirus outbreak. At the …