National Association of Insurance Commissioners News

Nation’s 1st COVID-19 Business-Interruption Suit Headed to Trial [Update]

A trial will begin Monday in what is thought to be the first lawsuit to be filed against an insurer for denying coverage for business-interruption losses caused by COVID-19 shutdown orders. Judge Paulette R. Irons ruled against a motion for …

Businesses Call On U.S. Insurers to Ditch Fossil Fuel Underwriting

A group of about 60 American businesses on Thursday urged their insurers to stop providing coverage to and investing in fossil fuel producers. In a letter, companies including outdoor-gear producer Patagonia and ice-cream maker Ben & Jerry’s, a unit of …

KEMI Board Votes to Cut CEO’s Pay Following Critical Audit

LEXINGTON, Ky. — The governing board of Kentucky Employers’ Mutual Insurance has recommended that its chief executive take a pay cut and lose his long-term job contract in favor of year-to-year probation. The Lexington Herald-Leader reports the action follows an …