commercial liability News

Moody’s Says COVID-19 Impact on P&C Insurance Sector Was ‘Moderate’

Neither COVID-19 nor legislation enacted because of it has seriously harmed the creditworthiness of the property and casualty insurance sector, according to a report released by Moody’s Investors Service on Friday. Businesses have filed about 1,700 business-interruption claims because of …

Virginia High Court: Auto Maintenance Exclusion Means What it Said

The Virginia Supreme Court ruled that an insurer doesn’t have to pay for injuries to a customer who was injured by tire that exploded while it was inflated, and handed business owners another reason not to allow customers in the …