Fitch Cautious, but Economist Predicts ‘Isolated’ Impact From Business-Interruption Claims March 12, 2021 By Jim Sams While Fitch Ratings worries that litigation over COVID-19-related business-interruption claims is creating uncertain risk for property and casualty insurers, an...
Judge Rules in Favor of 3 Policyholders With COVID-19 Claims in Consolidated Case February 24, 2021 By Jim Sams A federal judge denied Society Insurance’s motions to dismiss three “bellwether” lawsuits filed by hospitality businesses that were denied coverage...
Commercial Property Insurance Coverage for Texas Winter Freeze Losses February 23, 2021 By Todd M. Tippett and David B. Winter For an incredible 10-day period in mid-February, Texas was battered by a brutal winter storm bringing snow, ice, and record-low...
Insurer Wins Case Filed by New Orleans Restaurant that Filed Early COVID Claim February 17, 2021 By Jim Sams A New Orleans judge denied a motion for declaratory judgment that insurance coverage is owed to a restaurant for business...
Plaintiffs in Some States Defy Insurer Winning Streak in COVID Lawsuits February 10, 2021 By Jim Sams To anyone keeping score, it appears that insurers are crushing policyholders who sued for business income lost because of COVID-19...
Lawsuit Tests State’s Request That Insurers Be Generous With Civil Unrest Claims February 3, 2021 By Jim Sams A lawsuit filed by the owner of a Chicago hotel and its rooftop bar will put to test a request...
Policyholders With Endorsements for Diseases Survive Motions to Dismiss COVID-19 Claims January 11, 2021 By Jim Sams While insurers continue to win four out of five cases in early rounds, in the past month two property owners...
COVID-19 Rulings – Mostly Insurer Wins – Moving to Appellate Courts January 4, 2021 By Jim Sams A wave of litigation over business-interruption losses caused by COVID-19 shutdown orders has started splashing into the appellate courts. Appeals...
When $2 Trillion Falls Short, Next 2020 May Be Uninsurable December 8, 2020 By Lucca de Paoli, Katherine Chiglinsky and Benjamin Robertson There aren’t many contexts where $2 trillion seems like a paltry sum. Then a pandemic comes along. The economic fallout...
Mississippi Casino Sues Insurer That Won’t Pay COVID-19 Loss November 23, 2020 GULFPORT, Miss. — A Mississippi Gulf Coast casino has become one of many businesses nationwide to sue its insurer for...