The Houston Rockets recently sued their insurance provider for failing to provide business interruption compensation under the team's $400 million insurance policy. In doing so, they are believed to be one of the first NBA teams to file a lawsuit to recover losses arising from COVID-19.
Posts tagged "coronavirus"
Wando Evans, 51, died on March 25, 2020, from complications of COVID-19. He was a 15-year employee of Walmart and worked as an overnight stock and maintenance associate. Days later, on March 29, 2020, another employee who worked at the same Walmart died from COVID-19.
Texas nursing facilities have the second-highest total number of infection-related citations over the past three years. Texas also had the 11th-highest rate of citations among all states. According to regulatory records, inspectors found problems at more than 80% of Texas nursing homes in the past three years.
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.
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.
In light of the recent spread of coronavirus at a nursing home in Kirkland, Washington, the Centers for Medicare & Medicaid Services administrator Seema Verma announced that she has ordered federal health inspectors to focus on infection-control practices at nursing homes.