There continues to be significant regulatory activity related to the novel coronavirus (COVID-19) and its impact on the insurance industry, as well as claims for damages due to looting and vandalism following the recent civil...more
As the COVID-19 pandemic continues to have significant economic consequences in the US, a key issue for insurers and businesses throughout the country is whether all or a portion of losses may be covered by insurance. Because...more
On May 22, 2020, US Representative Carolyn Maloney (D-NY), joined by twenty co-sponsors, introduced H.R. 7011, the Pandemic Risk Insurance Act of 2020 (PRIA).
The bill would establish a federal backstop for business...more
As the COVID-19 pandemic continues to have significant economic consequences in the US, a key issue for insurers and businesses throughout the country will be whether all or a portion of losses may be covered by insurance....more
5/7/2020
/ Business Interruption ,
Business Losses ,
Commercial Insurance Policies ,
Coronavirus/COVID-19 ,
Corporate Counsel ,
Denial of Insurance Coverage ,
Insurance Claims ,
Insurance Industry ,
Insurance Litigation ,
Policy Exclusions ,
Policy Terms
As the COVID-19 pandemic continues to have significant economic consequences in the US, a key issue for insurers and businesses throughout the country will be whether all or a portion of losses may be covered by insurance....more
4/23/2020
/ Business Interruption ,
Civil Authority Coverage ,
Class Action ,
Commercial Insurance Policies ,
Coronavirus/COVID-19 ,
Governor Bel Edwards ,
Insurance Claims ,
Insurance Industry ,
Insurance Litigation ,
Policy Exclusions ,
Property Insurance ,
Putative Class Actions
As the COVID-19 pandemic continues to have significant economic consequences in the US, a key issue for insurers and businesses throughout the country will be whether all or a portion of losses may be covered by insurance....more
There has been significant activity at both the state and federal levels related to the novel coronavirus (COVID-19) and its impact on the insurance industry. This alert summarizes some of the most notable COVID-19-related...more
On March 10, 2020, the New York Department of Financial Services (DFS) issued a letter to all DFS-regulated insurance entities providing guidance and requesting assurance that all regulated entities have preparedness plans to...more
3/16/2020
/ Business Interruption ,
Civil Authority Coverage ,
Commercial General Liability Policies ,
Commercial Insurance Policies ,
Emergency Response ,
Financial Services Industry ,
Insurance Industry ,
New Guidance ,
NYDFS ,
Risk Assessment ,
Risk Management
Earlier this month Rhode Island Governor Gina Raimondo signed into law changes to the state’s runoff statute that are intended to make it a more attractive channel for insurers and reinsurers seeking to separate, transfer and...more