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Business Interruption Commercial Insurance Policies Reinsurance

BCLP

English Court Decides COVID-19 is a “Catastrophe”

BCLP on

The English Court has, for the first time, considered the meaning of a “catastrophe”, as well as how Hours Clauses work in the context of non-damage business interruption losses claimed under two Property Catastrophe Excess...more

BCLP

Reinsurance: aggregation of COVID losses post-Stonegate

BCLP on

On 17 October 2022, the English Commercial Court delivered three very significant, related judgments, which in part considered aggregation of business interruption losses arising from COVID-19....more

Cooley LLP

Blog: Reinsurance in the Time of COVID-19 – Part 3

Cooley LLP on

In part 3 of our blog series on reinsurance issues arising from COVID-19, we consider the implications of “reopening” the economy on reinsurance exposure. Recent events demonstrate that the process of reopening the economy...more

BCLP

Does “late payment” of Covid-19 BI claims create additional exposure for insurers and reinsurers?

BCLP on

As has been reported widely in the press, policyholders are seeking damages from insurers for “late payment” due to insurers rejection of their Covid-19 BI related claims. In particular, many small and medium sized businesses...more

Snell & Wilmer

Legislative Proposals May Facilitate Insurance Coverage for Business Losses Due to the Coronavirus Pandemic

Snell & Wilmer on

Whether insurance coverage is available for coronavirus-related claims may often depend on the actions of lawmakers who are jumping into the fray with proposed changes to insurance coverage laws.  Businesses seeking coverage...more

BCLP

London market impact of U.S. COVID-19 BI law challenge: How might the proposed U.S. state COVID-19 BI legislation be challenged?...

BCLP on

Reinsurers are generally bound to follow the fortunes of their reinsureds, but will these be the same fortunes that were priced, sold, and reserved at inception or post-contractual coverages that are mandated by state...more

BCLP

Must reinsurers follow their cedants’ COVID-19 related claim settlements?

BCLP on

A key question being asked in the markets is whether reinsurers are obliged to follow their cedants’ Covid-19 related settlements? Covid-19 continues to dominate the headlines and the lives of people around the world....more

Zelle  LLP

[Webinar] Managing Insurance Claims in the Wake of Catastrophes - July 22nd-26th, 10:00am CT, 16:00 GMT

Zelle LLP on

Zelle LLP invites you to join us for a week of webinars featuring insurance topics that are of critical importance to adjusters and insurance professionals. This series will cover managing insurance claims in the wake of...more

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