Can Hotels Claim Business Interruption Insurance Due to a Pandemic?

Business interruption insurance is not a new thing, but framed within the context of the pandemic, it is now taking on new meaning. Before the world was turned upside down, this type of coverage replaced income lost in what could be considered a traditional natural disaster: a flood, hurricane, fire, earthquake or tornado, to name some – events that cause physical property damage.

Airbnb Announces Pricing of Initial Public Offering

Airbnb, Inc. yesterday announced the pricing of its initial public offering of 51,323,531 shares of Class A common stock, 50,000,000 of which are being sold by Airbnb and 1,323,531 of which are being sold by certain selling stockholders, at a public offering price of $68.00 per share.