Casino Gambles on Coronavirus Business Interruption Lawsuit Against Lloyd’s, AIG, XL March 24, 2020 A Native American tribe on Tuesday sued a group of insurance companies, asking a court to declare that losses it...
Coronavirus (COVID-19): Does Business Income Respond? March 24, 2020 By Christopher J. Boggs Over the past two weeks, the VU has received countless questions concerning COVID-19 (the coronavirus) and the business income policy....
COVID-19 Should Force Rethink of Wisdom of Monopoly State Funds March 24, 2020 By R.J. Lehmann The COVID-19 outbreak is expected to hit the workers’ compensation insurance market hard. After a long stretch of declining costs...
Texas Extends Insurance Claims Handling Deadlines for 15 Days March 24, 2020 The Texas Department of Insurance reports that insurance claim-handling deadlines have been extended for 15 days as of March 20...
Insurance Makes ‘Essential Business’ List for States Restricting Commerce Due to Virus March 24, 2020 By Andrew G. Simpson Insurance industry professionals might take some pride in knowing that they are considered essential. In states where only essential businesses...
Louisiana Expands Access to Telemedicine, Federal Aid for Small Businesses March 24, 2020 Louisiana Insurance Commissioner Jim Donelon has issued Emergency Rule 37, which aims to expand access to telehealth services during the...
Tokyo Games Delayed to 2021 in 1st Postponement in Olympics’ 124-Year History March 24, 2020 By Sakura Murakami and Karolos Grohmann The Tokyo Olympics were postponed on Tuesday into 2021, the first such delay in the Games’ 124-year modern history, as...
Commentary: Does Business Income Insurance Cover Coronavirus Shutdowns? March 24, 2020 By Bill Wilson On March 16, a lawsuit was filed in district court in New Orleans seeking a declaratory judgment about whether the...
Fitch Revises Outlook for London Insurance Sector to Negative on COVID-19 Impact March 24, 2020 Fitch Ratings has revised its outlook for the underlying fundamentals of the London market insurance sector to negative from stable....
UK Travel Insurers Expect to Pay Record Coronavirus Claims of US$319M March 24, 2020 UK travel insurers expect to pay record claims of at least £275 million (US$319 million) due to the coronavirus pandemic,...