Chicago Hotel Says Zurich Delayed Protest Damage Coverage
Law360 (January 29, 2021, 5:32 PM EST) -- The owner of popular Chicago hotel theWit has hit Zurich American Insurance Co. with a nearly $15 million lawsuit over the insurer's allegedly unlawful delay in covering damages the hotel suffered after becoming "the epicenter of protests and vandalism" following George Floyd's death.
ECD-Great Street DE LLC's lawsuit claimed Wednesday that Zurich has unlawfully stalled on its duty to cover the more than $14.8 million in business and other losses theWit has incurred since a move by the city to raise bridges on protesters caused those nearby to redirect their fury toward the hotel.
ECD claims it immediately alerted Zurich after...
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