When Insurers Deny Claims, Brokers Are Next in Line for Allegations of Wrongdoing May 19, 2020 By Nicole C. Wixted and Jason Brost In the wake of government orders shutting down or seriously limiting the operations of businesses to deal with the COVID-19...
Business Interruption Claimants Like How Some Localities Worded Emergency Orders May 15, 2020 By Jim Sams Cities and counties across the country may have handed plaintiff’s attorneys an argument to use in lawsuits against insurers that...
UK Regulator Seeks Court Review in July to Resolve COVID-19 Insurance Dispute May 8, 2020 By Carolyn Cohn and Kirstin Ridley Britain’s Financial Conduct Authority (FCA) aims to get business interruption insurance policies examined by a court as soon as July,...
UK Regulator Wants Courts to Clarify Wording of Disputed Business Interruption Policies May 1, 2020 By Huw Jones and Carolyn Cohn Britain’s financial watchdog said on Friday it would urgently ask the courts to clarify uncertainty over whether businesses can claim...
Top Insurers Face Lawsuit from UK Hospitality Sector on Rejected Biz Interruption Claims April 30, 2020 By Kirstin Ridley and Carolyn Cohn Top insurers such as AXA, RSA, QBE and Zurich face a potential multi-million-pound lawsuit from British pubs, hotels, restaurants and...
Coronavirus Business Interruption Insurance Claimants Seek to Consolidate Lawsuits April 27, 2020 By Jim Sams Two groups of plaintiffs — one in Philadelphia, the other in Chicago — are asking federal courts to consolidate lawsuits...
UK Insurers Expected to Pay $1.5B in Coronavirus Claims: Association of British Insurers April 27, 2020 By Sid Verma British insurers are on the hook for more than 1.2 billion pounds ($1.5 billion) in claims from businesses and individuals...
How Chubb Is Navigating Coronavirus and Its Impact on Growth April 27, 2020 By Mark Hollmer Chubb Chairman and CEO Evan Greenberg insists his global P/C insurer has strong fundamentals, but warned at the same time...
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...