virus exclusion News

Legislation to Force Insurers to Pay COVID-19 Claims Stalls as Virus Rages

California legislation that would have forced insurers to pay more coronavirus business-interruption claims was put on hold last week when state lawmakers decided not to return from their summer recess because of a resurgence of the disease. Assembly Bill 1552 …

Virus Fight Insurers Thought They’d Dodged Is Looming Anyway

For years, property-casualty insurers have sought to protect their business from the ripple effects of a pandemic. The spread of the coronavirus is showing it may not be easy. At issue are business-interruption policies, which tend to pay out only …