Objectively intelligent.

[Tyrone Slothrop]

Originally Posted by sebastian_dangerfield

Agreed on both. But the point made is that the NYTimes, and particularly Friedman, who as I noted above is a lickspittle centrist of the most useless kind, are asking whether the economic cost is too high.

I think they have their heads in their asses about the economic costs of letting the virus run its course.

[sebastian_dangerfield]

Originally Posted by Tyrone Slothrop

I think they have their heads in their asses about the economic costs of letting the virus run its course.

I don't think the counter to them is easy to make. What you effectively have to say is:

Hundreds of dead docs and nurses which we can't afford
Italy-like death tolls x 5.5, adjusting for population difference
Total shutdown of most cities
Riots, looting, etc.
Widespread civil unrest
Stock market cratering to below 10k

It's basically like describing Children of Men, or some similar dystopian future movie.

[LessinSF]

Originally Posted by Tyrone Slothrop

I think they have their heads in their asses about the economic costs of letting the virus run its course.

A Dr. Seuss tribute:

Oh, the lawsuits that will come
V gubmints that ignore Covid-21
Oh, the lawsuits you will see
As we all learn about sovereign immunity

[sebastian_dangerfield]

Originally Posted by LessinSF

A Dr. Seuss tribute:

Oh, the lawsuits that will come
V gubmints that ignore Covid-21
Oh, the lawsuits you will see
As we all learn about sovereign immunity

The Coronavirus defense to contract enforcement is going to make a fine muddy mess out of a whole lot of breach suits coming out of this.

[LessinSF]

Originally Posted by sebastian_dangerfield

The Coronavirus defense to contract enforcement is going to make a fine muddy mess out of a whole lot of breach suits coming out of this.

Don't forget all the insurance claims and lawsuits over business interruption and force majeure.

[sebastian_dangerfield]

Originally Posted by LessinSF

Don't forget all the insurance claims and lawsuits over business interruption and force majeure.

The business interruption policies seem solid. Property has to be damaged in most, and pandemics and terrorist acts are exclusions.

The argument contamination will work strikes me silly. Fumigation covers that.

I see a lot of lawsuits on blended fees by shitball lawyers grabbing some of the last dollars of small and mid-sized companies, but I’d be shocked to see many winners.

I made and was paid on a BI claim years ago, but we had serious property and equipment damage from a freak occurrence. And even then it was tough.

[Did you just call me Coltrane?]

Originally Posted by sebastian_dangerfield

made and was paid on a BI claim years ago, but we had serious property and equipment damage from a freak occurrence. And even then it was tough.

Look, I know you're trying to get everyone erect here talking about BI claims, but...

[sebastian_dangerfield]

https://www.cnbc.com/2020/03/25/bill...ng-hilton.html

Now, what says his nemesis, Icahn?

[Did you just call me Coltrane?]

Originally Posted by LessinSF

Don't forget all the insurance claims and lawsuits over business interruption and force majeure.

Where is the direct physical loss?

[sebastian_dangerfield]

Tide went out. Most of the country swimming naked.

[Icky Thump]

Originally Posted by sebastian_dangerfield

Tide went out. Most of the country swimming naked.

Can't even buy S&P puts or borrow S&P shares to short.

[LessinSF]

Originally Posted by Did you just call me Coltrane?

Where is the direct physical loss?

Depending upon jurisdiction, contamination of the business property. Say, a hotel or airline that loses BI due to increased cleaning of contaminated rooms and planes. The "physical damage" being the deposit of coronavirus on BPP. That, of course, may invoke pollution exclusions. But, if coverage is triggered, the burden of proof will move to the insurer, and extensions of coverage, such as "civil authority" will come into play.

Edit: At least two DJs have already been filed - by a Louisiana restaurant, and two Oklahoma tribes (casino loss).

[Tyrone Slothrop]

Originally Posted by LessinSF

Depending upon jurisdiction, contamination of the business property. Say, a hotel or airline that loses BI due to increased cleaning of contaminated rooms and planes. The "physical damage" being the deposit of coronavirus on BPP. That, of course, may invoke pollution exclusions. But, if coverage is triggered, the burden of proof will move to the insurer, and extensions of coverage, such as "civil authority" will come into play.

Edit: At least two DJs have already been filed - by a Louisiana restaurant, and two Oklahoma tribes (casino loss).

I think this is about the La. one.

[Did you just call me Coltrane?]

Originally Posted by LessinSF

Depending upon jurisdiction, contamination of the business property. Say, a hotel or airline that loses BI due to increased cleaning of contaminated rooms and planes. The "physical damage" being the deposit of coronavirus on BPP. That, of course, may invoke pollution exclusions. But, if coverage is triggered, the burden of proof will move to the insurer, and extensions of coverage, such as "civil authority" will come into play.

Edit: At least two DJs have already been filed - by a Louisiana restaurant, and two Oklahoma tribes (casino loss).

I get what you're saying, but I'd bet against the insureds. First, you would have to establish that your plane/hotel had coronavirus on it, and then what would your POR be? The day it took to clean the plane?

[Icky Thump]

Originally Posted by LessinSF

Don't forget all the insurance claims and lawsuits over business interruption and force majeure.

What's really funny is when someone writes and demands a response to their letter today or they will be forced to seek Court intervention.

I guess writing back and saying 'Court is closed, dickwad." could get me sanctioned. Eventually.