Coronavirus News
Texas Bill Would Force Business Interruption Policies to Cover Pandemic Losses
A bill filed in Texas would require business interruption insurance policies to cover losses from a pandemic. Under SB 249, filed by Sen. Charles Schwertner, business interruption insurance would be ...
Was COVID-19 Really a Business Interruption Wake-Up Call?
The COVID-19 pandemic has been a wake-up call for the insurance industry in how it approaches cover for non-damage business interruption (NDBI). This is according to Lloyd's Chief Executive John ...
UK Insurance Ruling Is ‘Massive Boost’ for Businesses: Hiscox Action Group
A UK Supreme Court insurance judgment substantially in favor of policyholders will be a "massive boost" for British businesses currently suffering from a third government lockdown, the Hiscox Action ...
Responding to the Impact of COVID-19 on Workers Compensation
The workers compensation system has faced extraordinary challenges in the past 12 months. They just aren't the same issues we thought we would be addressing when the pandemic hit the U.S. in March ...
COVID-19 Rulings Are Moving to Appellate Courts; Insurers Mostly Ahead to Date
A wave of litigation over business-interruption losses caused by COVID-19 shutdown orders has started splashing into the appellate courts. Appeals of trial court decisions in at least 11 lawsuits ...
Insurers Express Confidence Over Vaccine Trial Coverage
The world is racing towards a vaccine in record time, stirring public concerns about safety to the extent that nine leading developers have felt compelled to issue a pledge to uphold scientific ...
Claims Trends, Risk Exposures Face Long-Term Changes Due to Pandemic: AGCS
The magnitude of the COVID-19 pandemic as an economic loss events is unprecedented for companies and insurers alike and claims trends and risk exposures are likely to evolve in both the mid- and ...
Moody’s Downgrades Global Reinsurance Sector Outlook
Moody's downgraded its outlook for the global reinsurance sector to negative from stable, citing a challenging operating environment hampered by the coronavirus pandemic and its adverse impact on ...