Chubb’s Federal Insurance Unit Refuses to Reimburse Los Angeles Lakers for UV Light Cleaning Systems Installed at Staples Center

Federal Insurance Company’s team of lawyers at O’Melveny & Myers LLP says the insurer has no duty or obligation to pay the Los Angeles Lakers’ business interruption and property damage insurance claims because “the mere temporary presence” of an unwanted substance — like the coronavirus that causes COVID-19 — at Staples Center is not enough to trigger payment under its insurance policy. The Lakers “only vaguely allege[] the coronavirus may have been present at its insured properties[, and don’t] assert that the virus actually changed the properties themselves in any physical way. To the contrary, [the team] concedes that…