Event company

Event business owner loses bid for COVID coverage

By Angela Childers (December 7, 2021, 6:54 PM EST) – The owner of an event business in New York City failed to convince a federal district judge on Monday that his business losses from COVID-19 were covered by his travel insurance policy.

Travelers insurance is not obligated to cover an event company’s losses due to COVID-19, a federal judge has ruled. (AP Photo/Charles Rex Arbogast) U.S. District Judge Laura Taylor Swain ruled that losses suffered by James Servedio, owner of a ‘sound and stage live event’ company, were not covered by the ‘assurance. Federal courts across the country have definitively dismissed about 41% of cases filed by policyholders against insurers for pandemic-related losses, according to…

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