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Sacher in ‘The Insurer’ on BI Lawsuits
May 20, 2020London Partner Jonathan Sacher was quoted May 15 by The Insurer regarding business interruption (BI) lawsuits in the United States. Insurers have maintained that the industry should not and cannot pay the vast majority of COVID-19 BI losses. Most policies contain explicit exclusions for virus and bacteria. Even in the absence of an exclusion, there must be “direct physical loss” for BI coverage to be triggered, a bar that insurers say is not met by today’s pandemic-related losses. “At the end of the day, policy holders do not get to first base if there is a pandemic exclusion,” said Sacher, who is a co-leader of BCLP’s Insurance Sector.
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