Latest Business insurance News

Wind storm removes 550,000 Iowa corn acres from harvest

Sep. 15, 2020 11:52 AM EDT

DES MOINES, Iowa (AP) — The U.S. Department of Agriculture has estimated that 550,000 acres of Iowa corn will not be harvested this fall due to damage caused by the Aug. 10 wind storm that swept across the state. That estimate in a report released Friday places the value of the lost corn crop based on the...

FILE- In this Oct. 28, 2014, file photo people shop at the Century 21 Department Store in Philadelphia. Century 21 Stores - a destination for bargain hunters looking for fat deals on designer dresses and shoes for nearly 60 years -  has filed for Chapter 11 bankruptcy and is winding down its business, including all multiple stores across New York, New Jersey, Pennsylvania and Florida.  (AP Photo/Matt Rourke, File)

Bargain chain Century 21 to shut down after nearly 60 years

Sep. 10, 2020 11:22 AM EDT

NEW YORK (AP) — Century 21 Stores — a destination for bargain hunters looking for fat deals on designer dresses and shoes, cosmetics and housewares for nearly 60 years — has filed for Chapter 11 bankruptcy and is winding down its business, shutting all 13 stores across New York, New Jersey,...

Federal judge rules against insurers in COVID-19 lawsuit

Aug. 13, 2020 4:46 PM EDT

KANSAS CITY, Mo. (AP) — Four Missouri companies may proceed with a lawsuit seeking redress after their insurance company rejected their claims for coronavirus-related losses, a federal judge has ruled, in a decision that could have ramifications for hundreds of companies nationwide. “This is...

Nick Gavrilides, the owner of the Soup Spoon, poses at one of his two restaurants in Lansing, Mich., Thursday, July 16, 2020. Restaurants, bars and other merchants struggling to stay afloat during the coronavirus pandemic are desperately reaching out for a lifeline from insurers that in turn contend they are being miscast as potential saviors. In one of the first decisions issued on that question, a Michigan state judge sided with an insurer's rejection of a claim for $650,000 for two months of losses that Gavrilides said he suffered at two restaurants. (AP Photo/Paul Sancya)

Struggling merchants, insurers battle over pandemic coverage

Jul. 28, 2020 8:54 PM EDT

Restaurants, bars and other merchants struggling to stay afloat during the coronavirus pandemic are desperately reaching out for a lifeline from insurers that in turn contend they are being miscast as potential saviors. Shutdowns and crowd restrictions imposed by state and local governments to limit the spread of...