In an article describing the “broadest effort yet” to force insurers to pay up on business interruption policies, Commercial Risk Magazine spoke with Burn Bowen Bair partner Tim Burns about the objectives of the group of law firms coordinating the initiative.
“Countless businesses across the United States are pinning their hopes of reopening and rehiring laid-off or furloughed employees on proceeds from insurance,” said Burns. “Insurance companies thrive by selling protection against maladies of all kinds. They pocket huge profits when material events are avoided but must bear the responsibility of honoring their policies on the rare occasions when these events occur. By refusing to do so, they are not running a business at all, but a large-scale rigged carnival game where no matter the scenario, the customer always loses. It’s just not right, and we will do everything in our power to ensure that these businesses are made whole.”
The password-protected article is available here.