Why Leaders Need to Resist Rewriting Insurance Contract Language April 16, 2020 By Gregory V. Serio Soon after the attacks on the World Trade Center and other locations on the morning of September 11th, President Bush...
Trump Tells Insurers to Pay Virus Claims If Pandemics Not Excluded April 14, 2020 By Jim Sams President Donald Trump has staked out his position in a legal battle over business-interruption claims: Unless the policy excludes pandemics,...
Suddenly There Is Big Demand for Pandemic Cover, Says Underwriter April 14, 2020 By L.S. Howard In the midst of this pandemic, insurance buyers and their brokers are looking for COVID-19 pandemic coverage, which is like...
Thai Insurer’s Coronavirus Cover Draws ‘Overwhelming’ Demand April 6, 2020 By Anuchit Nguyen The founder of one of the world’s best-performing insurance firms this year never imagined its policies to cover illness from...
Aetna Waiving Patient Co-Pays for Coronavirus Hospital Stays March 27, 2020 By Tom Murphy One of the nation’s biggest health insurers is waiving patient payments for hospital stays tied to the coronavirus. CVS Health’s...
Restaurant Suit Tests Business Interruption Insurance for Coronavirus Shutdowns March 19, 2020 By Jim Sams A restaurant in the heart of the New Orleans tourism district filed a lawsuit on Monday asking a state judge...
Fitch Sees Only ‘Modest Impact’ on U.S. P/C Insurance from Coronavirus March 3, 2020 The coronavirus (COVID-19) outbreak is not currently anticipated to have a meaningful adverse impact on financial results reported by U.S....
Global Insurers Face Hefty Claims If Coronavirus Forces Olympics Cancellation February 28, 2020 By Noor Zainab Hussain and Carolyn Cohn Global insurers face a hefty bill if the coronavirus forces the cancellation of the Summer Olympics in Tokyo, with estimates...
Insurance Coverage for Losses Stemming from the Coronavirus February 26, 2020 By Pamela D. Hans and Marshall Gilinsky The coronavirus has not only sickened tens of thousands of people, killed several hundred, and disrupted life for millions, but...
Coronavirus Leads Companies with Supply Chain Disruptions to Invoke ‘Force Majeure’ February 13, 2020 By Jan Wolfe With the coronavirus outbreak that originated in Hubei province, China, showing no signs of abating any time soon, some companies...