Insurers Are Creating Products for World Where Pandemics Could Become New Norm July 10, 2020 By Noor Zainab Hussain Insurers are creating products for a world where virus outbreaks could become the new normal after many businesses were left...
Chubb Unveils Public-Private Program for Pandemic Business Interruption July 9, 2020 By Susanne Sclafane Chubb unveiled a proposal for the insurance industry and federal government to partner on covering future pandemic-related business interruptions—and to...
Biggest Uncertainty for UK Insurers Remains Around Business Interruption Claims: BoE July 9, 2020 By Carolyn Cohn and Huw Jones The biggest uncertainty now facing insurers is whether they will have to pay for a raft of business interruption claims,...
Coronavirus Business Interruption Claimants Lay Out Federal Plan to Reimburse Insurers July 9, 2020 By Susanne Sclafane A U.S. lawmaker has introduced a bill that would allow insurers to voluntarily pay certain COVID-related business interruption claims and...
New Business Interruption Insurance Class Action Launched in Canada July 7, 2020 Koskie Minsky LLP and the Merchant Law Group have launched a proposed national class action lawsuit alleging that Canadian insurance...
State Judge Rejects Michigan Restaurants’ COVID-19 Business Interruption Claim July 7, 2020 By Jim Sams A trial court judge in Lansing, Michigan handed a victory to insurers in what may be the nation’s first final...
How to Prepare for the Next ‘Black-Swan’ Event? Lloyd’s Has Some Suggestions. July 2, 2020 By L.S. Howard Lloyd’s of London is proposing solutions that could provide customers with greater protection against a future wave of the COVID-19...
S. African Insurers Are Pushed to Pay COVID-19 Business Interruption Claims July 2, 2020 Virus-related claims from just over 500 small South African firms battling insurers who have rejected them are worth up to...
Minor League Baseball Teams Sue Insurers for Coronavirus Business Income Losses June 24, 2020 By Suzanne Barlyn Fifteen U.S. minor league baseball teams on Tuesday sued several insurers for not paying out claims for business interruption losses...
UK Insurers Cite Swedish Example in Bid to Dodge Coronavirus Biz Income Payouts June 17, 2020 By Lucca de Paoli Insurers are set to argue against paying out fully on claims made by businesses forced to shut because of the...