AXA Identifies 1,700 Restaurant Contracts with Unclear Terms on Pandemic Payouts June 4, 2020 French insurer AXA has identified 1,700 contracts signed with restaurant owners in France where the terms are not clear as...
Riots in Wake of Floyd’s Death Could Become Most Costly Civil Disorder for Insurers June 3, 2020 By Jim Sams Rioting that erupted in cities across the country after peaceful protests mourning the death of George Floyd in Minneapolis may...
Viewpoint: What’s Fair When It Comes to Paying Insurance Claims? May 28, 2020 By Albert Betts The ongoing COVID-19 pandemic has tragically resulted in the deaths of 100,000 Americans, changed our day-to-day lives, hampered our economy,...
Times Square to Go Dark to Shine Light on Fight Over Business Interruption Insurance May 26, 2020 The digital billboards in New York City’s famous Times Square will go dark tonight at 9 pm ET for one...
EU Urged to Create Insurance Catastrophe Backstop for Pandemics, Huge Cyber Attacks May 26, 2020 A European Union framework is needed to provide insurance cover for catastrophes such as pandemics and huge cyber attacks, the...
Update: AXA to Pay Business Interruption Claims to Restaurants After Court Ruling May 26, 2020 By Maya Nikolaeva and Sudip Kar-Gupta A Paris court ruled last week that AXA should pay a restaurant owner two months of revenue losses caused by...
French Court Orders AXA to Pay Restaurant’s COVID-19 Business Interruption Losses; AXA Vows to Appeal May 22, 2020 By Elizabeth Pineau and Maya Nikolaeva A Paris court ruled that insurer AXA must pay a restaurant owner two months’ worth of coronavirus-related revenue losses, the...
UK’s Aviva Expects COVID-19-Related Claims of Nearly $200 Million May 21, 2020 By Carolyn Cohn British insurer Aviva expects 160 million pounds ($195 million) in claims related to the coronavirus pandemic and weaker second quarter...
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...