Businesses all across the country have been shutdown for days, weeks, or even months at a time due to the coronavirus pandemic. Many assumed their insurance policies would help them defray some of their lost revenue. But those assumptions were, by and large, wrong.
In this special audio documentary, “Business, Interrupted” we look at why insurers denied the claims of their shuttered policyholders. A team of reporters from Bloomberg Law and Bloomberg Tax look into the so-called “virus exclusion” clauses, that insurers quietly inserted into many of their business policies, and how those clauses are now creating strife between insurers and businesses.
We hear from several small business owners across the country about the shock they felt when their pandemic claims were denied, in some cases within hours after filing. We also hear from regulators and lawmakers about whether they will force insurers to retroactively honor these claims, a possibility that insurers view as an existential threat to their entire industry.
--With assistance from Lydia Beyoud, Evan Weinberger and, David Hood
Learn more about your ad choices. Visit megaphone.fm/adchoices
The End of an Era: Beveridge's Outgoing Chairman Ben Wilson on Leadership, Law and Life [Bonus Episode: Black Lawyers Speak]
3. Why Can't We Have One Bar Exam for All Jurisdictions?
2. Could a Law School Diploma Substitute for the Bar Exam?
1. Is It Time to Kill the Bar Exam?
5. Whistleblower Says Facebook Knowingly Profits From Hate Speech [UnChecked: Bonus Episode]
4. Regulating Social Media as a Threat to Humanity
3. What Would Breaking Up Big Tech Change?
2. Social Media Bans Are Not About Free Speech
1. Would Scrapping Section 230 Break the Internet?
Introducing: UnChecked
Eric Holder on Diversifying the Judiciary [Bonus Episode: Black Lawyers Speak]
15. If Qualified Immunity Is Bad Policy, Why Can't We Fix It?
14. Derek Chauvin Verdict: Legal Community Reactions
13. Closing Arguments in the Derek Chauvin Murder Trial
12. Could Chauvin Win an Appeal if Convicted?
11. The Defense Rests Its Case in the Derek Chauvin Trial
10. George Floyd: Minnesota's Spark of Life Testimony Explained
9. Derek Chauvin Trial: What You Need to Know
8. Police Training and Use Of Force in the Derek Chauvin Trial
7. Powerful Testimony From Opening Witnesses in Chauvin Murder Trial
Create your
podcast in
minutes
It is Free
Masters in Business
Odd Lots
Bloomberg Surveillance
Bloomberg Businessweek
Prognosis: Losing it