Broadway musical 'TINA' can pursue COVID cancellation lawsuit [Reuters]
Chubb Limited (CB)
Last chubb limited earnings: 4/21 04:05 pm
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Source: Reuters
View The company behind "TINA: The Tina Turner Musical" can keep on rollin' with its COVID-related lawsuit against a Chubb unit, thanks to a ruling by a state-court trial judge in Manhattan, who denied the insurer's motion to dismiss. In a two-page decision and order Monday, New York County Supreme Court Justice Andrew Borrok found that a “communicable disease” exclusion in Chubb European Group's event cancellation insurance policy to Tina Turner Musical (TTM) did not apply to losses from state and local shutdown orders intended to slow the spread of COVID-19. Courts across the country have overwhelmingly sided with insurers on COVID-related claims for business income interruption coverage, mostly because such coverage is triggered only by property loss or damage. Event cancellation insurance has no such requirement. However, Chubb's lawyers at Clyde & Co argued that TTM's case should be dismissed because the policy clearly excluded losses from cancellation due to “any commun
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News
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CB
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- 4/23/24 - Beat
CB
Sec Filings
- 4/26/24 - Form 10-Q
- 4/26/24 - Form 4
- 4/24/24 - Form DEFA14A
- CB's page on the SEC website