wondering Posted March 28, 2020 Share Posted March 28, 2020 Does any of the Fairfax insurance companies sell business interruption insurance? If so, would there be an escape clause regarding an Act of God? Does this virus epidemic fall under an Act of God? Link to comment Share on other sites More sharing options...
petec Posted March 28, 2020 Share Posted March 28, 2020 I’ve been wondering tab out this but not had time to research. Link to comment Share on other sites More sharing options...
cwericb Posted March 28, 2020 Share Posted March 28, 2020 I believe Northbridge does - but not 100% sure. Link to comment Share on other sites More sharing options...
StubbleJumper Posted March 28, 2020 Share Posted March 28, 2020 The general consensus seems to be that most insurance contracts specifically exclude pandemics as an insurable peril. I would not expect business interruption claims to be very high. I had been a bit more curious about workers comp, but Zenith has a bit of an interesting update on its website: https://www.thezenith.com/wp-content/uploads/Zenith-Coronavirus-Update.pdf SJ Link to comment Share on other sites More sharing options...
petec Posted March 28, 2020 Share Posted March 28, 2020 Good find re Zenith. Re business interruption insurance - it makes a lot of sense to exclude pandemics, because you’d want to exclude anything that had the potential to shut all businesses at once. Same applies to travel insurance. Link to comment Share on other sites More sharing options...
wondering Posted March 28, 2020 Author Share Posted March 28, 2020 thanks all Link to comment Share on other sites More sharing options...
StubbleJumper Posted March 28, 2020 Share Posted March 28, 2020 Here is a bit of a discussion about business interruption coverage (or lack thereof): https://www.insurancejournal.com/blogs/big-i-insights/2020/03/24/562253.htm SJ Link to comment Share on other sites More sharing options...
StubbleJumper Posted March 31, 2020 Share Posted March 31, 2020 The following article is not specifically about an FFH sub, but it is an interesting piece about a group of Canadian dentists who think they are insured against a pandemic and a British insurer that isn't so convinced. Since not all forum participants read Canadian newspapers, I am sharing the link: https://www.theglobeandmail.com/business/article-dentists-fighting-to-get-insurance-payouts-because-office-closure-seen/#comments SJ Link to comment Share on other sites More sharing options...
StubbleJumper Posted April 17, 2020 Share Posted April 17, 2020 Article about Prem's comments concerning business interruption insurance and Covid: https://www.canadianunderwriter.ca/commercial-lines/how-fairfax-predicts-courts-will-react-to-legislated-retroactive-business-interruption-policy-changes-1004177010/ Link to comment Share on other sites More sharing options...
gfp Posted June 17, 2022 Share Posted June 17, 2022 (edited) Not sure where to post this but one local restaurant has won their case against Lloyd's in the Louisiana court of appeals. Not sure this will be an ultimate win for them but I'm no expert on these things. I know the industry has won almost all their cases as far as denying coverage for physical damage due to the virus / gov. shutdown. I'm sure others here know more about how these have been shaking out. https://www.reuters.com/legal/litigation/la-appeals-court-dishes-up-win-restaurant-covid-biz-interruption-case-2022-06-17/ Fun fact, this restaurant, "Oceana Grill," is absolutely disgusting and happens to also be the site of my only appearance on the TV show Gordon Ramsey's Kitchen Nightmares. My friend was in town to direct the episode and he put us in the show. It was so foul I can't even describe it. In the "relaunch" scene where they reintroduce the "fixed" restaurant a waitress dropped our entire bottle of red wine, which shattered and essentially filled my wife's leather purse with shards of glass and red wine. The funniest part was the owner of this restaurant is a total coke-head and kept forgetting he was mic'ed up for the TV show and just continuously went into neighboring establishments' bathrooms to snort more coke - all of which was fully appreciated by the TV show's control room. Again, if you are ever in New Orleans - do not eat here. https://www.businessinsurance.com/article/20220615/NEWS06/912350568/Restaurant-entitled-to-business-interruption-cover-State-appeals-court-Cajun-Co Edited June 17, 2022 by gfp Link to comment Share on other sites More sharing options...
John Hjorth Posted June 17, 2022 Share Posted June 17, 2022 Priceless reading, gfp! lol! Thank you for sharing. Link to comment Share on other sites More sharing options...
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