Real Estate Giant Thor Equities Sues Insurer for COVID-19 Losses
May 1, 2020
DOCUMENTS
- Complaint
NEW YORK — Commercial real estate giant Thor Equities has sued Factory Mutual Insurance Co. in New York federal court, demanding coverage for at least $20 million it has sustained in lost rental income and other costs due to the COVID-19 outbreak.
In an April 30 complaint filed in the U.S. District Court for the Southern District of New York, Thor maintains that the “Communicable Disease Response” coverage in its policy’s Property Damage section was triggered by COVID-19 and resulting civil authority orders.
The policy’s contamination exclusion cannot apply to anything defined as communicable disease because neither the exclusion nor …
FIRM NAMES
- McKool Smith
UPCOMING CONFERENCES
HarrisMartin's MDL Conference: Video Game Addiction and the Latest Mass Tort Updates
May 29, 2024 - Salt Lake City, UT
The Grand America Hotel
HarrisMartin's Mass Tort Settlements Conference - Sponsored by Milestone
June 27, 2024 - Buffalo, NY
The Richardson Hotel Buffalo