McKool Smith principal Michael Miguel was quoted in the Business Insurance article, "Lost Income Claim Disputes Evolve Further." The article noted that 80% of the COVID-19 related business interruption cases have been ruled in favor of the insurer; however, it is likely that the policyholders will start to win more cases moving forward. Michael commented, “it’s too early to tell whether COVID-19 business interruption litigation will be like legal fights over insurance coverage for Y2K remediation costs, which ended within a few years of the millennium turning, or more like disputes over coverage for asbestos liability, which have been raging for decades.” Read the full article here.
