Women in Insurance - November 3 2021
Commercial insurance companies have faced a barrage of COVID-19 coverage disputes related to business interruption from lockdowns and restrictions during the pandemic, and these disputes are making their way through the courts. Laura M. Gregory, an insurance coverage and bad faith attorney based in Boston, provides a quick update on where the commercial insurance industry stands today with regard to BI coverage litigation. A Partner at Sloane and Walsh, LLP, Ms. Gregory has specialized in insurance coverage and bad faith matters for more than 25 years and received the Chartered Property & Casualty Underwriter (CPCU) insurance industry designation in 1999. Her experience with complex coverage matters includes commercial policies (commercial general liability, businessowners, commercial property, commercial auto, D&O, E&O, inland marine, cyber, and excess policies) and personal lines policies (auto, homeowners, umbrella, and renters policies), as well as manuscript policies. A frequent author and speaker, Laura’s generosity in sharing her expertise has earned her a devoted following on LinkedIn. Need advice about coverage, claims, bad faith, and related issues? #LauraHasItCovered!
Laura, you joined our AI Wisdom – Talking Insurance Innovation podcast to discuss pandemic-related business interruption claims litigation. At the time, you said, “Never before have I seen business interruption coverage discussed in The New York Times and The Washington Post, this is not the kind of stuff that most people would normally be reading about.” Is BI coverage still a hot topic in the mainstream media, and can you provide a quick update on how the BI coverage story has developed since you spoke with us last November?
This topic continues to be a hot topic in insurance and legal circles, but much less so in the mainstream media than it was in 2020. Right now, the vast majority of decisions both at the trial and appellate court levels have been in favor of insurers. Several appellate decisions have been issued all in support of the insurers’ position that there is no coverage. However, questions are pending in supreme courts in a number of states, including my home state of Massachusetts. There is certainly more to come as the law of each state is laid out in these decisions.