In its amicus curiae brief, UP supports coverage for an insured’s business interruption losses related to the SARS-CoV-2 virus and COVID-19. UP argues that decades of case law demonstrate what the insurance industry and policyholders have long known: that “all risks” insurance policies protect insureds against a broad range of perils including carbon monoxide, odors, and viruses such as the one that causes COVID-19. UP also argues that the insurance industry is enjoying record profits and the court should not be swayed by self-serving warnings that requiring insurance companies to pay what they owe will bankrupt the industry.
Capri Holding Ltd. v. Zurich American Ins. Co et. al.
Year
2022
Court
Superior Court of New Jersey Appellate Division
Case Number
A-003551-20
Issue
- COVID-19
State
- New Jersey