Ralph Lauren Sues Insurer Over Covid-19 Loss Coverage

Aug. 10, 2020, 11:07 PM

Ralph Lauren Corp. sued its insurer, Factory Mutual Insurance Co., for an alleged “fraudulent scheme” to limit payouts for losses stemming from the coronavirus pandemic.

Factory Mutual refused to honor its contractual obligations in the policy, with a maximum payout of $700 million, “in the face of a claim for which coverage is expressly provided,” according to Ralph Lauren’s complaint brought Aug. 7 in the U.S. District Court for the District of New Jersey.

The fashion retailer temporarily closed brick-and-mortar locations across the country after states implemented stay-at-home orders and other restrictions to stem the virus’s spread. With its lawsuit, ...

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