A business insurer’s position that it isn’t required to cover coronavirus-related losses is set to face a legal litmus test. A Las Vegas-based company with a CNA Financial’s subsidiary’s policy filed a class-action lawsuit against the company in a Chicago federal court on Monday, according to Crain’s. The company, Vegas Image, owns a distributor of gambling-themed candy and toys. The company argues that its policy doesn’t explicitly rule out losses “from the spread of viruses.”
source https://therealdeal.com/2020/05/09/will-insurers-cover-coronavirus-related-business-losses-we-may-soon-find-out/
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