Bad Faith Blog
February 14, 2022
Company Claiming Insurance Premiums Were Too High Due to a Decrease in Exposure During Stay-at-Home Orders Was Required to First Exhaust Administrative Remedies
As expected, the unprecedented impact of COVID-19 has resulted in businesses looking to the insurance industry as a means for economic relief. Insurers have faced – and will likely continue to face – a deluge of claims relating to property and business interruption insurance coverage. Disclaimers of coverage for these claims have been primarily due to the lack of direct physical loss, damage, or injury to tangible property. Insureds are starting to get creative in their claims.