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...
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...