Business Interruption Insurance and COVID-19: Needed Guidance For Commercial Property Insurance Policyholders Forthcoming From the New York Department of Financial Services
On March 10, 2020, the New York Department of Financial Services used its powers under Section 308 of the New York Insurance Law to compel every property/casualty insurer in the state to answer, by March 18, 2020 urgent questions that policyholders have and to provide detailed information on its business interruption insurance coverage both to the DFS and to individual policyholders. Read More