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Category Archives: Business Interruption Insurance

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Florida Chief Financial Officer (CFO) Encourages Lawmakers to Fill the Business Interruption Insurance Gap

By Michael Pike and Daniel Lustig |

The COVID-19 (coronavirus) pandemic caused tremendous disruption to businesses in Florida—many companies were forced to scale back or halt operations altogether. Business interruption insurance is designed to provide companies with some financial protection if they are unable to operate. However, for a number of reasons, many companies have had their COVID-19 business interruption claim… Read More »

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House Proposes Pandemic Risk Insurance Act of 2020 to Cover Insurance Industry Losses Due to Pandemic-Related Claims

By Michael Pike and Daniel Lustig |

The insurance industry is reeling while dealing with the repercussions of the coronavirus pandemic, and it appears Congress has noticed. Members of the House Financial Services Committee have proposed a draft bill, identified as the “Pandemic Risk Insurance Act of 2020,” that would establish a federal “reinsurance backstop” for pandemic insurance industry losses in… Read More »

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Business Owner Seeks Justice After Business Interruption Insurance Claim is Denied

By Michael Pike and Daniel Lustig |

Atma Beauty is a little beauty salon in Miami Beach that happens to be getting a lot of attention this week. At the beginning of the month, the salon’s owner initiated a class action lawsuit against its insurer for failing to pay for losses and expenses caused by the suspension of its business due… Read More »

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