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Society Insurance Class Action Lawsuit 2021 Covid-19

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Society Insurance Class Action Lawsuit – Denying Insurance Claims To Chicago Restaurants Amid Covid-19…

Chicago Restaurants File Lawsuit Against Society Insurance  For Refusing To Grant And Approve Insurance Claims 

Businesses all over the world have all been negatively affected by the COVID-19 pandemic, and there is no denying that. 

Many have been forced to downsize their operations and lay off workers in order to downplay the adverse financial impact caused by the COVID-19 public health crisis. 

Most businesses rely on their business insurance coverages in order to cover the losses they have incurred due to the whole ordeal. 

However, many insurance companies all over the United States have refused to cover such losses caused by the COVID-19 pandemic, citing that instances such as the ongoing health crisis do not count as a plausible scenario wherein insurance coverage can play its role. 

Business establishments and owners all over the country have resorted to filing legal complaints against companies en masse as a result of the denials issued nationwide. 

One of the latest lawsuits filed involves an insurance company that refused to cover its business beneficiary’s benefits to a group of Chicago-based restauranteurs. 

The quadruple of Chicago-based food establishments consisting of City Rock Korean Kitchen, Perilla Korean BBQ, The Angry Crab, and Tommy Gun’s Garage have argued that insurance company Society Insurance has denied granting their insurance claims. 

The plaintiffs in the Chicago Restaurants Business Interruption Insurance Class Action Lawsuits contend that Society Insurance ended up issuing “blanket denials” on their claims. 

They continue that the presence of the ongoing COVID-19 pandemic has rendered their businesses “unsafe and unfit for” their intended purpose. 

They claim that Society Insurance refused to acknowledge their claims due to the absence of physical losses to the properties covered by the insurance policy. 

Yet according to the Chicago Restaurants Business Interruption Insurance Class Action Lawsuit, this reasoning by Society Insurance is wrong and legal precedents in the state of Illinois have time and time again acknowledged the presence of a dangerous substance in a given property constitutes “physical loss or damage.” 

The Chicago restaurants argue that COVID-19 is a substance and its presence in their business establishments equates to loss or damage to property. 

Additionally, they contend that the insurer also refused to cover business losses caused by the business operation lockdowns imposed by the government in light of the COVID-19 global pandemic. 

Have they known this, they would not have availed Society Insurance’s insurance policy, they add. 

Filed in the United States District Court for the Northern District of Illinois, the Chicago Restaurants Business Interruption Insurance Class Action Lawsuits is a collective of legal complaints filed against Society Insurance after it allegedly issued “blanket denials” to claims filed by business owners struggling financially due to the blows brought upon by the COVID-19 pandemic. 

Editor’s Note on Society Insurance Class Action Lawsuit: 

This feature aims to inform you of the latest round of lawsuits involving insurers and businesses all over the country – this time concerning Chicago restaurant owners and Society Insurance after the latter refused to cover claims of business losses incurred due to COVID-19. 

Case Name(s) & No. (s): Angry Crab Corp. v. Society Insurance Inc., Case No. 1:21-cv-01859; Angry Ventures LLC v. Society Insurance Inc., Case No. 1:21-cv-01860; City Rock LLC v. Society Insurance Inc., Case No. 1:21-cv-01864; Sansoo Ventures LLC v. Society Insurance Inc., Case No. 1:21-cv-01861; and Tommy Gun’s Garage Inc. v. Society Insurance Inc., Case No. 1:21-cv-01863

Jurisdiction: United States District Court for the Northern District of Illinois

Products/Services Involved: Business interruption insurance policy

Allegation(s): Society Insurance has issued “blanket denials” to claims made by business owners after they have amassed massive amounts of financial losses due to the ongoing COVID-19 health crisis. 

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Suggested Article: USAA Underpaid Its Customers Class Lawsuit.

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