IKEA’s Billy bookcase—so popular that one is reportedly sold every 10 seconds—recently got even cheaper, at least for Russians. IKEA is holding a fire sale as the company closes its stores and exits the Russian market. The...more
The presence of virus on the premises that renders the property unsafe can cause physical loss or damage and trigger property coverage without any distinct, demonstrable physical alteration.
Juries, not judges, get to...more
The United States declared a national emergency in response to COVID-19 on March 13, 2020, and states quickly followed with stay-at-home orders that impacted businesses and institutions nationwide. It has now been nine full...more
The Joint Panel on Multidistrict Litigation declines petitions for an industry-wide MDL, but will consider four insurer-specific MDLs.
In declining the petitions for an industry-wide MDL, the panel concluded that the...more
The insurance industry’s generic arguments that there is no coverage for the COVID-19 pandemic should not be accepted at face value, as coverage may be available depending on specific policy terms and individualized...more
In January, we were among the first to post on the insurance implications of coronavirus. Since then, the epidemic has landed on our shores, dragged down the stock market, and become a political football. It has affected...more
3/9/2020
/ Business Continuity Plans ,
Business Interruption ,
Commercial General Liability Policies ,
Coronavirus/COVID-19 ,
Corporate Counsel ,
D&O Insurance ,
Force Majeure Clause ,
Infectious Diseases ,
Insurance Claims ,
Insurance Industry ,
Policy Terms ,
Public Health ,
Supply Chain ,
Travel Insurance ,
Workers' Compensation Claim
Make an inventory of risk pathways that could affect your business.
Identify essential supply chains, raw materials or parts providers and service providers to assess impact of potential disruptions....more
3/5/2020
/ Business Disruption ,
Business Interruption ,
Commercial General Liability Policies ,
Commercial Insurance Policies ,
Coronavirus/COVID-19 ,
D&O Insurance ,
E&O Insurance ,
Emergency Management Plans ,
Infectious Diseases ,
Insurance Industry ,
Joint Venture ,
Professional Liability Insurance ,
Risk Management ,
Supply Chain ,
Travel Insurance