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Thor Equities, LLC v. Factory Mutual Insurance Company

  1. September 29, 2023

    Insurer Defeats Thor Equities' Pandemic Rent Loss Suit

    Factory Mutual Insurance Co. doesn't owe coverage to Thor Equities for its COVID-19-related business interruption losses, a New York federal judge ruled Friday, finding that the presence of the coronavirus at its properties did not qualify Thor for coverage of its lost rent.

  2. June 09, 2022

    Thor Equities Defends Experts Ahead Of Virus Coverage Trial

    Commercial property owner Thor Equities defended its experts' testimony ahead of a COVID-19 coverage trial in its suit against Factory Mutual Insurance Co. in New York federal court.

  3. May 19, 2022

    Insurer Pans Expert Testimony In Virus Suit Ahead Of Trial

    Factory Mutual Insurance Co. slammed two expert testimonies as "unreliable, irrelevant and unfairly prejudicial" in a commercial property owner's COVID-19 business interruption suit before a New York federal court, which hinges in part on whether the novel coronavirus was actually present at the insured properties.

  4. April 01, 2021

    Insurer Denied Early Win For Thor's Pandemic Rent Loss Suit

    A New York federal judge said a contamination exclusion under a Factory Mutual Insurance Co. commercial property policy is too ambiguous, holding that she cannot determine whether the exclusion bars coverage of Thor Equities' COVID-19 related business losses.

  5. September 15, 2020

    Insurer Says Thor Can't Collect Lapsed Rent Caused By Virus

    Factory Mutual Insurance Co. urged a New York federal court to rule that its policy's contamination and "loss of use" exclusions bar coverage for lapsed rent payments Thor Equities LLC says was caused by COVID-19 closing down its malls and hotels in Manhattan, San Francisco and other major cities.

  6. May 01, 2020

    Thor Equities Hammers Insurer Over COVID-19 Rent Coverage

    Thor Equities LLC, which owns commercial properties in Manhattan, Chicago, San Francisco and other major cities, is suing Factory Mutual Insurance Co., asking a New York federal court to declare the insurer owes Thor coverage for rent payments its renters have skipped because of the COVID-19 pandemic.