University sues insurer over losses from “unusable” buildings

Read more: Study: P&C insurers cannot absorb pandemic-related business interruption losses

In March, restrictions caused by the COVID-19 pandemic had forced the university to cancel in-person classes on campus and move them online.

“The university purchased – at significant expense – a best-in-class ‘all risks’ business interruption insurance policy from Factory Mutual,” GWU said in its lawsuit. “The all risks policy broadly covers ‘all risk of physical loss or damage,’ except as specifically and unambiguously excluded… [and] promises to protect GWU against loss of revenue and certain expenses if it cannot use its classroom buildings, libraries, residence halls, or other

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