A dental practice submitted a business interruption claim to its property insurers due to the COVID-19 shutdown orders. The insurers denied coverage, citing a lack of physical damage to the premises. Breaking with national...more
10/2/2024
/ Anti-Stacking Provisions ,
Business Interruption ,
Business Losses ,
Commercial Insurance Policies ,
Coronavirus/COVID-19 ,
Declaratory Relief ,
Denial of Insurance Coverage ,
Indemnification ,
Insurance Claims ,
Insurance Industry ,
Insurance Litigation ,
Liability ,
Policy Exclusions ,
Reasonable Expectations Test
New York Department of Financial Services (DFS) is concerned that AI’s self-learning behavior increases the risks of unlawful or unfair discrimination. DFS will audit insurers’ use of AI. Such insurers need to maintain...more
2/28/2024
/ Anti-Stacking Provisions ,
Artificial Intelligence ,
Business Losses ,
Company Vehicles ,
Coronavirus/COVID-19 ,
Department of Financial Services ,
Insurance Claims ,
Insurance Industry ,
Insurance Litigation ,
Property Damage ,
State Farm ,
Underwriting