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The lawsuit builds on prior findings by the state’s Supreme Court that coronavirus is a natural disaster.
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Businesses across America would be eligible for direct payouts from federal government for three months under the plan. -
Bill 477 will now move on to the state’s second legislative chamber for further scrutiny.
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The latest version of Congresswoman Maloney’s bill would increase the scheme’s ceiling by $250mn.
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Senator Ward told this publication the amended legislation would protect both carriers and policyholders.
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Policyholders also get another 60 days to pay premiums.
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The judge also allowed MMC to amend a trade secrets suit over employee defections to add further allegations about Cobbs Allen.
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The executive says carriers have not underwritten or priced for statutory developments.
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The case brought by a New Jersey restaurant comes as part of a wave of litigation by hospitality businesses against their insurers.
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The amendment would have forced insurers to cover claims, even where cover does not exist.
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The proposed legislation would mandate the payment of claims for businesses with fewer than 100 employees.
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The bill has bipartisan support but is expected to be subjected to substantial committee scrutiny.
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