Hotel: Insurer Leveraging Pandemic To ‘Wipe Out’ Coverage For Civil Unrest Losses

(February 1, 2021, 1:05 PM EST) -- CHICAGO — The owner of theWit hotel in Chicago on Jan. 27 sued an “all-risk” insurer in an Illinois court for breach of contract and bad faith, accusing the insurer of leveraging the novel coronavirus pandemic “to wipe out coverage for other catastrophic losses and business closures,” including its $14,826,973 in business interruption loss resulting from the civil unrest events in response to the death of George Floyd....