The details of this case involve business income loss insurance coverage claims by several businesses in Illinois and the subsequent denial of coverage regarding those claims by Society Insurance Company, which is an insurance company headquartered in Wisconsin. The lawsuits of a few companies turned the case into a multi-district litigation involving plaintiffs from several midwest and southern states.
This case centrally revolves around the claims denied by Society Insurance Company and the insurance company’s communications regarding their coverage for COVID-19 losses. Rick Parks, the CEO of Society Insurance Company, has stated that the company spoke wisely regarding their coverage and did not mislead any of the plaintiffs regarding their coverage.
The claimants allege that Society Insurance Company issued “wholesale, cursory coverage denials” that violate coverage policies and “discouraged them from filing insurance claims.”