Law360’s article, “NJ Attys Look To 3rd Circ. On Virus Coverage Denial Cases,” features A.Y. Strauss partner and co-chair of the firm’s litigation group Kelly M. Purcaro, who recently served as a panelist at the New Jersey State Bar Association annual convention. The program, “A Class Action Update: Federal and New Jersey Developments for 2020-2021,” discussed an upcoming opinion from the Third Circuit panel regarding business losses due to the Covid-19 pandemic.
“Many virus coverage suits have been stayed pending the Third Circuit’s decision in 14 consolidated cases brought by businesses challenging the denial of claims stemming from the pandemic,” she said.
The cases reflect a nationwide struggle to balance the needs of businesses that found their operations halted by the unprecedented public health crisis and the plight of insurers facing a tidal wave of claims stemming from an unanticipated type of loss, according to Purcaro.
“On one side, you have businesses, large and small, saying we paid the premiums … and we should receive the benefit for which we paid. On the other hand, you have the insurance company saying, ‘Everybody’s struggling,'” Purcaro said during the association’s second all-virtual convention held via Zoom.
Read the full article here.