Jefferies warns of ‘worrying precedent’ from California Covid BI ruling
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Jefferies warns of ‘worrying precedent’ from California Covid BI ruling

California state flag US flag.jpg

Analysts at Jefferies have warned that a court ruling in California could set a “worrying precedent” for BI losses relating to Covid-19, potentially fuelling further litigation and ultimately impacting the valuations of commercial insurers.

In a case brought against Allianz subsidiary Fireman’s Fund, the Californian Second District Court of Appeal last week overturned a ruling that Covid-19 cannot be deemed to cause physical damage sufficient to give rise to a contingent BI claim.


Request a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article