A Fort Lauderdale restaurant, IT! italy Ristorante and Bar, has filed a federal class-action lawsuit against its insurer, a subsidiary of Chubb Limited. The restaurant claims its “all-risk” policy, which includes business interruption coverage and extra coverage for civil authority shutdowns, should cover losses from the coronavirus pandemic closures. The lawsuit argues that because the policy does not contain a specific virus exclusion, the losses are covered. Chubb CEO Evan Greenberg countered that pandemics were never meant to be covered and forcing insurers to pay would be unconstitutional. Attorneys for the restaurant, Steve Zack and Steven Marks, assert that the insurance industry must honor its contracts to help small businesses survive.
Read the full article: Miami Herald
Originally published by David J. Neal | Apr 27, 2020 | Miami Herald
