Pennsylvania Supreme Court Yanks Dentist’s COVID Insurance Coverage Win October 4, 2024 By Andrew G. Simpson The Pennsylvania Supreme Court has reversed lower court rulings and denied a dentist’s bid for insurance coverage for loss of...
Business Income and the Supposed Ambiguity of “…Direct Physical Loss of or Damage To…” May 5, 2021 By Christopher J. Boggs We thank friend of the Academy, Christopher J. Boggs for this guest post. Courts are being asked to decide whether...
UK COVID-19 Insurance Dispute Could Be Heading to Supreme Court as Talks Falter October 1, 2020 By Kirstin Ridley and Carolyn Cohn Britain’s markets regulator said on Wednesday it had failed to strike a deal with major insurers over prompt payouts to...
COVID-19 Crisis Renews Attention on Systemic (Uninsurable) Risks September 30, 2020 By L.S. Howard Reinsurers and insurers for years have been worried about systemic risks – those uninsurable risks with the potential of surpassing...
Update: UK Regulator Files Expedited Appeal in Business Interruption Test Case September 29, 2020 By Huw Jones and Carolyn Cohn Britain’s financial regulator said on Tuesday it had filed for an expedited appeal in a business interruption test case against...
Lloyd’s CEO Neal Sees Appeal of COVID Business Insurance Ruling Coming September 25, 2020 By Carolyn Cohn Lloyd’s of London Chief Executive John Neal said on Thursday he expected a London judgment, which ordered some insurers to...
2 Reasons COVID-19 Legislation is the Wrong Solution September 23, 2020 By Patrick Wraight Back in March and April, I gave two webinars on COVID-19 for the Academy of Insurance. If you haven’t had...
FCA to Insurer CEOs: Don’t Delay in Paying Valid COVID Business Interruption Claims September 21, 2020 In a follow-up to the High Court’s ruling on coronavirus-related business interruption claims by businesses, the UK’s Financial Conduct Authority...
3 Reasons COVID-19 Business Income Suits Should Not be Combined August 26, 2020 By Patrick Wraight Recently a U.S. Judicial Panel on multidistrict litigation denied a proposal to consolidate cases related to business income losses related...