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Thor Equities, LLC v. Factory Mutual Insurance Company
Case Number:
1:20-cv-03380
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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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.
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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.
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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.
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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.
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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.
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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.