Celebrating Insurers Warned Michigan COVID Ruling Not Knockout Punch They Wanted July 29, 2020 By Susanne Sclafane A recent ruling from a Michigan judge that business interruption claims payouts require tangible alteration to a property may have...
St. Paul Businesses Burned in Floyd Upheaval Weigh Next Steps July 28, 2020 Charred piles of rubble remain in the Midway neighborhood in St. Paul, Minn., where rioters torched businesses following the death...
What ‘Follow the Fortunes’ Means for COVID-19 Reinsurance Claims July 8, 2020 By Susanne Sclafane How reinsurers will respond when cedents pay their insureds for COVID-related business interruptions remains an open question, legal and insurance...
Property Damage from Unrest in Minneapolis: $55M and Rising June 5, 2020 The city of Minneapolis says the looting and property damage that following the death of George Floyd in police custody...
Businesses Hurt First by Coronavirus Then by Looting Have New Insurance Questions June 5, 2020 By Katherine Chiglinsk, Michael Sasso and Steven Church Al’s, a sporting-goods store tucked in Wilmington, Delaware’s small shopping district, opened during the Great Depression, weathered World War II...
Did Debate Over Business Income Insurance Just Get More Complicated? June 4, 2020 By Elizabeth Blosfield As the insurance industry faces litigation and questions over virus-related claim denials, it could soon be dealing with another business...
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...