Pillsbury Winthrop Shaw Pittman LLP
1. Make an inventory of risk pathways that could affect your business.
As commercial policyholders continue to suffer significant COVID-19-related business interruptions, the insurance industry has come out in full force to try to convince the market that there is generally zero coverage...
Stoll Keenon Ogden PLLC
As a result of COVID-19 concerns, many businesses are experiencing reduced hours of operation, temporary closures, and disruptions of global supply chains and sales.
Jones Day Insurance Recovery Practice Leader Ty Childress discusses the insurance implications relating to COVID-19, including employee health and safety concerns, the importance of reviewing language...
As the COVID-19 outbreak continues to disrupt global economic activity, financial markets and market participants have been, and will continue to be, impacted.
Archer & Greiner P.C.
With climate change comes extreme weather, which has led to catastrophic losses by insured businesses. Two such catastrophic weather events are Hurricane Katrina in 2005 and Superstorm Sandy in 2012.
Buchanan Ingersoll & Rooney PC
As the COVID-19 pandemic continues to spread across the United States, so too has business interruption.
Sheppard Mullin Richter & Hampton
The World Health Organization has labelled novel coronavirus (COVID-19) a pandemic and the global number of confirmed cases of COVID-19 has surpassed 150,000.
Akin Gump Strauss Hauer & Feld LLP
The New York Department of Financial Services (DFS) recently issued Circular No. 5 that requires every regulated insurance entity to submit its plans to address the operational risk and identify...
Bowditch & Dewey
A number of publications have recently suggested that it is unlikely that coverage will apply under many traditional policies.
Pryor Cashman LLP
What a difference a week makes. Just seven days after our initial post, the world is a vastly different place.
A quick Google search would have businesses believing that there is no insurance coverage for coronavirus losses. Insurance carriers and brokers have seized control of the narrative,...
The New York Department of Financial Services (NYDFS) issued two broad communications to the insurance industry on Tuesday, March 10.
Shipman & Goodwin LLP
A number of large and regional insurance companies have announced that they will cover members' out-of-pocket costs for COVID-19 testing.
Smith Gambrell & Russell LLP
It is the question many in the industry have asked in light of the 2018 New York Court of Appeals decision in the Gilbane case.
The concept of "social inflation" is back in vogue these days among property/casualty industry underwriters and their service providers...
Squire Patton Boggs LLP
Most reinsurance contracts have binding arbitration provisions. The Federal Arbitration Act (FAA) sets out a national policy in favor of arbitration.
Insurance is often a two-way street, with insurance companies requiring insureds to be proactive and appropriately mitigate and provide notice as soon as possible.
Lewis Brisbois Bisgaard & Smith LLP
Every passing day brings stark new reports of novel coronavirus (COVID-19) cases and increasing numbers of cancelled conventions, concerts, and other major events.
Pryor Cashman LLP
Currently categorized as an epidemic, the World Health Organization is predicting pandemic status in the very near term.