Claims / Legal
Court Leaves VW to Confront More Diesel Scandal Lawsuits
A U.S. appeals court ruled on Monday that Volkswagen AG cannot escape potential financial penalties from two counties in Florida and Utah that may amount to a "staggering" additional liability ...
Public-Private Pandemic Risk Financing Plan Advances in UK
UK insurance executives have taken another step toward developing a public-private risk-financing mechanism for future pandemics with the creation of working groups to take the idea from the drawing ...
COVID-Driven Bankruptcy Litigation Setting D&O Market on Edge
With revenues tumbling, companies across many industry sectors confront a heightened risk of bankruptcy, spurring possible class action lawsuits brought by creditors against corporate directors and ...
Hurricane Season Could Create More Stress for Pandemic-Hit Insurers
The official start of the Atlantic hurricane season on Monday could signal more steep losses for insurers and reinsurers, already battered by the impact of the coronavirus pandemic on their ...
Hiscox, RSA, Other Carriers Will Join UK Pandemic Cover Test Case
Insurers including Hiscox , RSA and QBE will take part in a UK test case to decide whether their policies should pay out millions of pounds to companies hit by the coronavirus pandemic, the industry ...
Institute Creating Pandemic Discovery Protocols for Litigation
A nonprofit group that works to improve the efficiency of the legal system has launched a new project to create discovery protocols for COVID-19 insurance claims. The Institute for the Advancement of ...
COVID-19 Court Delays May Turn the Social Inflation Tide
Defense attorney Ellen Greiper reported receiving more than the usual number of phone calls from plaintiffs attorneys earlier this month, suggesting that the call dynamics could be signaling a ...
Business Interrupted: Why Insurers Are on the Hook for COVID-19
If you own business Interruption insurance, and your business gets interrupted by COVID-19, the income you lose must be covered by your policy, right? Not exactly, as people across the country are ...