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While some insurers have used the pandemic as an opportunity to settle cases, others have used this time to delay paying claims.
Review four proposals for covering business interruptions stemming from a pandemic.
The settlement will also free the insurer from any obligation stemming from policies issued to Boy Scouts of America or its local councils.
A federal judge denied an insurer's request for dismissal, allowing the insured's case to move forward in a first for the state.
Mediation is becoming more crucial for insurers and policyholders as the pandemic continues to impact the courts and settlement practices.
These few simple tips can help insurers stay ahead of "gotcha" type demands.
The bill requires insurers to disclose whether business interruption policies provide coverage for pandemics.
The litigation revolves around whether the cancellation was a 'proximate cause' of COVID, as Lloyd's asserted in its denial.
The insurer based its denial on concerns that a bus driver involved in an accident may have been an employee and that the school may have owned the bus.
A court ordered the new trial after a jury's $500,000 award in a workers' comp case "shocked [the court's] conscience given the evidence."