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Reinstatement of COVID BI case has potential to set a ‘worrying precedent’

July 19, 2022

The recent ruling by a California court of appeal to reverse a lower court’s dismissal and reinstate a COVID-19 related business interruption (BI) lawsuit filed against a division of global insurer Allianz, has the potential to set a “worrying precedent”, according to analysts at Jefferies.

Last week, Division Seven of California’s Second District Court of Appeal allowed, by unanimous decision, a COVID-19 BI dispute to go forward.

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