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South Philadelphia restaurant River Twice sues insurance company to cover coronavirus losses
The operator of River Twice, a South Philadelphia restaurant, has asked U.S. District Court in Philadelphia to force its insurance carrier to cover financial losses incurred while it is closed due to the coronavirus crisis.
River Twice's lawsuit against Admiral Indemnity Co., which does not mention that a claim has been filed, is largely a preemptive move. Insurance companies have told Congress that business-interruption policies, which typically pay out from such losses as fires, were not designed to provide coverage against diseases such as COVID-19.
Many business-interruption policies written since 2006, following the SARS outbreak, have a provision known as "exclusion of loss due to virus or bacteria."
The operator of River Twice, a South Philadelphia restaurant, has asked U.S. District Court in Philadelphia to force its insurance carrier to cover financial losses incurred while it is closed due to the coronavirus crisis.
River Twice's lawsuit against Admiral Indemnity Co., which does not mention that a claim has been filed, is largely a preemptive move. Insurance companies have told Congress that business-interruption policies, which typically pay out from such losses as fires, were not designed to provide coverage against diseases such as COVID-19.
Many business-interruption policies written since 2006, following the SARS outbreak, have a provision known as "exclusion of loss due to virus or bacteria."
