Travelers, Insured Law Firm Spar Over Civil Authority Business Income Loss Claim April 21, 2020 Travelers Cos. has gone to federal court in California seeking a declaratory judgment that it is not obligated to pay...
Hiscox Says Its Business Interruption Exposure Is Limited in Europe, U.S. April 16, 2020 Hiscox’s core policy wordings do not provide cover for business interruption as a result of the general lockdown measures taken...
Many Insurance Policies Bought by Small UK Firms Don’t Cover Pandemic: Regulator April 15, 2020 By Huw Jones and Carolyn Cohn Most insurance policies bought by smaller UK companies do not cover disruption caused by the coronavirus pandemic, but those that...
Suddenly There Is Big Demand for Pandemic Cover, Says Underwriter April 14, 2020 By L.S. Howard In the midst of this pandemic, insurance buyers and their brokers are looking for COVID-19 pandemic coverage, which is like...
Litigation Builds Against Insurers Over Coronavirus Business Interruption April 8, 2020 By Jef Feeley and Katherine Chiglinsky Barbara Snowden dreamed of opening a wig shop to help women who’d lost their hair during chemotherapy feel better as...
Restaurateur Sues The Hartford, Seeking Coverage for Coronavirus Business Interruption March 27, 2020 A well-known California restaurateur has filed a lawsuit against a unit of The Hartford, seeking a declaration that the owner’s...
UK Travel Insurers Expect to Pay Record Coronavirus Claims of US$319M March 24, 2020 UK travel insurers expect to pay record claims of at least £275 million (US$319 million) due to the coronavirus pandemic,...
Pressure Builds on Insurers to Be Part of Coronavirus Business Solution March 20, 2020 By Andrew G. Simpson While legislators in Washington and states try to fashion financial relief for businesses interrupted by the public health actions related...
Insurers Reject House Members’ Request to Cover Uninsured COVID Business Losses March 20, 2020 A bipartisan group of U.S. House members has asked insurers to retroactively recognize financial losses relating to COVID-19 under commercial...
Most British Companies Don’t Have Insurance for Coronavirus Closures: ABI March 17, 2020 Most companies in Britain don’t have insurance cover for closures caused by the coronavirus outbreak, the Association of British Insurers...