• Interrupted coverage: In tangle over insurance terms, businesses’ and nonprofits’ COVID interruption claims being denied

    Since the COVID-19 public health emergency began in March 2020, businesses and nonprofits nationwide have had business interruption claims denied. The COVID Coverage Litigation Tracker at the University of Pennsylvania Carey Law School reported 1,099 federal lawsuits seeking insurance coverage because of the pandemic had been filed as of Jan. 25. To date, courts have granted insurers’ motions to dismiss in 147 cases and insurers motions for summary judgment in seven lawsuits, according to CCLT. Policyholders have scored a few victories with the courts denying the motions to dismiss in 29 lawsuits and granting the plaintiffs’ motions for summary judgment in five cases.

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Articles

Pence inks two-book deal, launches political advocacy group

Former Vice President Mike Pence has a book deal. His autobiography, currently untitled, is scheduled to come out in 2023. In addition, the former Indiana governor on Wednesday launched an advocacy group, Advancing American Freedom, which will promote the Trump administration’s record and could serve as a springboard for a Pence presidential run in 2024.

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Adams and Engel: Planning considerations for IRC Section 1031 exchanges

Many commercial real estate owners, even those who previously did not intend to sell, are considering selling their real estate to take advantage of current market conditions. With transactions seemingly becoming quicker each year, it is important for owners to consider many factors when preparing to sell their real estate, including executing an Internal Revenue Code (IRC) Section 1031 exchange.

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