STB News Alert
05.27.21
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(Article from Insurance Law Alert, May 2021)
For more information, please visit the Insurance Law Alert Resource Center.
Bryce Friedman and Daniel Feder authored an article published by the New York Law Journal titled, “Retroactive Insurance Coverage for COVID-19 Losses.” The article examines the constitutional concerns relating to proposed New York legislation which would have retroactively rewritten commercial insurance policies to provide coverage to businesses interrupted by the spread of COVID-19 and government attempts to curtail it. The article also addresses the body of New York case law indicating that commercial property insurance policies do not provide insurance coverage for such business losses.