business interruption and COVID News
Carriers, InsurTechs Plot a Complicated Return to the Office
After more than 17 months of working from home due to COVID-19 safety concerns, many carriers and InsurTechs are planning a collective return to the office. The pandemic isn't over yet, of course, ...
Hiscox Agrees to Arbitration Settlement with UK Policyholders over COVID-19 BI Losses
Hiscox has agreed an arbitration settlement with a group of policyholders over business interruption losses due to the government's COVID-19 lockdown last year, the Lloyd's of London insurer said on ...
BIG La. Case Against Lloyd’s For COVID BI Cover Rejected; Travelers Ohio Win
A New Orleans judge denied a motion for declaratory judgment that insurance coverage is owed to a restaurant for business income that was lost when it was required to close its dining room because of ...
Repair Your Damaged Reputations, AM Best Tells UK Insurers
While most of the COVID-related problems that plagued U.K. commercial property insurers will abate after the March anniversary of lockdowns, battles with reinsurers and damaged reputations are ...
Michigan Judge Rejects Restaurants’ COVID-19 Business Interruption Claim
A trial court judge in Lansing, Mich., handed a victory to insurers in what may be the nation's first final ruling on the question of whether a property insurer is liable for financial damages caused ...