Joe Balice Comments to Bloomberg on Legal Impact of Coronavirus
As the coronavirus COVID-19 continues to spread and impact business and individuals alike, the legal implications of the outbreak are beginning to emerge. Bloomberg reached out to BG Law insurance attorney Joe Balice for his comments on ongoing and developing legal issues.
“The fallout from business disruptions is going to be “very significant in a way we haven’t seen before,” said Joe Balice, a litigator with BG Law in Los Angeles who represents clients in the textile and apparel industry, many of them hit by factory shutdowns in China.
Insurers are likely to find themselves in court. Balice said businesses are poring over their policies to see if they’re insured against the coronavirus fallout. “And a lot will find out that they are not,” he said.”