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...
Despite Insurance Industry Concerns, More States Introduce COVID-19 BI Bills April 15, 2020 By Elizabeth Blosfield New Jersey was the first state to propose a bill that would mandate insurers cover COVID-19-related losses under their business...
Many Insurance Policies Bought by Small UK Firms Don’t Cover Pandemic: Regulator April 15, 2020 By Huw Jones and Carolyn Cohn Most insurance policies bought by smaller UK companies do not cover disruption caused by the coronavirus pandemic, but those that...
Businesses Warn Fear of Lawsuits Could Stall Rebooting of Economy; Urge Coordination April 15, 2020 By Andrew G. Simpson Litigation surrounding coronavirus responses is already underway and businesses are warning that the fear of more lawsuits could hinder the...
How Insurance Claims Pros Are Adjusting to Pandemic Complications April 15, 2020 By Jim Sams The coronavirus pandemic has not shut down the day-to-day business of adjusting claims, but the workload is lighter and claims...
Meat Plant Closures, Absenteeism Rise With Workers’ Fear of Coronavirus, Lack of Safety April 15, 2020 By Tom Polansek and Rod Nickel CHICAGO/WINNIPEG, Manitoba — At a Wayne Farms chicken processing plant in Alabama, workers recently had to pay the company 10...
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...
P/C Insurance Is Industry Least Likely to Default Due to Coronavirus: S&P Credit Analysis April 13, 2020 By Andrew G. Simpson Compared to others, the property/casualty insurance industry is weathering the coronavirus crisis rather well. The property/casualty insurance is the least-impacted...
How P/C Insurance Industry Can Maximize Its Response to Coronavirus: Crisis Manager April 13, 2020 By Andrew G. Simpson “I’m shocked, just shocked that you’re suggesting that during a crisis that insurance companies might in fact be considered the...