Lawsuits are being filed across the country, including in Texas, over insurance companies denying claims for business interruption arising from the coronavirus pandemic. Business interruption insurance typically covers the loss of income that a business suffers due to a disaster.
Posts tagged "commercial litigation"
In response to growing concerns of community spread of the coronavirus (COVID-19), sports organizations, local schools, and even the Houston Livestock Show & Rodeo have ceased operations for the foreseeable future. As businesses consider the human and health impact of this global pandemic, a common question raised is how any business interruptions and related financial losses may be covered by their insurance policies. Whether your business has drastically experienced economic loss or has temporarily closed its doors due to city-wide closures or travel restrictions, you may find relief from your insurance coverage provider.
JPMorgan Chase, the country's largest bank and biggest U.S. credit-card issuer, has reintroduced to over 40 million credit card holders a controversial policy that forces their customers to use arbitration instead of being able to go to court to resolve payment disputes or joining class-action suits. This new clause stipulates that any disputes between consumers and Chase must be brought up before a private arbitrator.