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Stock impact report

North Carolina justices rule for restaurants in COVID-19 claims but against a clothing chain [Yahoo! Finance Canada]

Cincinnati Financial Corporation (CINF) 
Last cincinnati financial corporation earnings: 4/27 04:05 pm Check Earnings Report
The unanimous decisions by the seven-member court in the pair of cases addressed the requirements of “all-risk” commercial property insurance policies issued by Cincinnati and Zurich American insurance companies to the businesses. The companies who paid premiums saw reduced business and income, furloughed or laid off employees and even closed from the coronavirus and resulting 2020 state and local government orders limiting commerce and public movement. North Carolina restaurants, for example, were forced for some time to limit sales to takeout or drive-in orders. In one case, the 16 eating and drinking establishments who sued Cincinnati Insurance Co., Cincinnati Casualty Co. and others held largely similar policies that protected their building and personal property as well as any business income from “direct physical loss” to property not excluded by their policies. Worried that coverage would be denied for claimed losses, the restaurants and bars sued and sought a court to r Show less Read more
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