In a recent article published by Crain’s New York Business summarizing prospective financial relief bills for New York restaurants (“Rep. Carolyn Maloney pushing for three restaurant relief bills), partner Marc Dedman puts the scope of pandemic business interruption into perspective:
“Marc Dedman, an attorney with the Barton law firm and a business and insurance specialist, estimated last year that the commercial insurance industry took in $600 billion in premiums in 2019. Dedman said the estimated business interrupted insurance losses of all United States companies are between $250 billion and $350 billion per month.”
You can read the full article here.