Insurers Using Counter-Intuitive Arguments to Escape COVID Liabilities: UK Regulator November 18, 2020 By Kirstin Ridley and Carolyn Cohn Insurers are trying to escape liability for pandemic-related business losses with counter-intuitive arguments that go against the essential purpose of...
Insurers Tell UK Supreme Court They Cannot Provide Unlimited Cover During Pandemic November 16, 2020 By Carolyn Cohn and Kirstin Ridley Major insurance companies told the UK Supreme Court on Monday that thousands of small companies battered by the coronavirus pandemic...
Louisiana Court Schedules Trial on First Coronavirus Business Interruption Lawsuit November 12, 2020 By Jim Sams A trial will begin Monday in what is thought to be the first lawsuit to be filed against an insurer...
Insurer RSA Says Pandemic Exclusions Will Limit Impact of England’s 2nd Lockdown November 5, 2020 By Carolyn Cohn England’s second national lockdown is unlikely to have much impact on insurer RSA as many policies now have pandemic-related exclusions,...
UK Supreme Court to Hear Appeal of COVID Business Interruption Test Case on Nov. 16 November 3, 2020 The UK Supreme Court will hear an appeal on Nov. 16 of the Financial Conduct Authority’s (FCA) test case over...
Pennsylvania Judge Allows COVID Business Loss Suit Against Lloyd’s to Advance October 30, 2020 By Andrew G. Simpson Lloyd’s of London lost its initial bid to squelch a coronavirus business interruption lawsuit brought by a Philadelphia bar and...
It Would Take P/C Insurers 150 Years to Pay COVID-19 Business Interruption Losses October 30, 2020 By L.S. Howard The world’s property/casualty insurers would have to collect business interruption insurance premiums for 150 years in order to absorb the...
Insurer to Appeal Restaurants’ Win in North Carolina COVID Business Interruption Case October 23, 2020 A judge in Durham County, North Carolina has handed down what may be the nation’s first dispositive ruling in favor...
Judge in North Carolina Favors Policyholders in COVID-19 Closure Lawsuit October 23, 2020 By Jim Sams A judge in Durham County, North Carolina has handed down what may be the nation’s first dispositive ruling in favor...
Insurers Drop Appeal Against UK Court Ruling on 3 COVID Business Interruption Policies October 22, 2020 By Sinead Cruise Six insurers have decided not to appeal against a London High Court ruling that they were wrong to reject claims...