No Coverage for Food Plant that Paid $2M to Avoid Shutdown and Potential Business-Interruption Claim
Source: https://www.claimsjournal.com/, January 9, 2023
By: Jim Sams
Ken’s Foods would likely have filed a $10 million business-interruption claim had it not spent $2 million to upgrade its wastewater treatment system, the company’s lawyer says.
That doesn’t mean its insurer has a common-law duty to reimburse the company for that cost, the Massachusetts Supreme Judicial Court ruled Friday. Read more.