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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 expense and corollary issues around business-interruption claim litigation should make mediation attractive to insurers and policyholders.
Insurers must consider the implications of both state and federal laws when deciding whether to implement a mandatory vaccination policy.
The court found that the insured's policy lacked certain provisions to permit the recovery of such costs and fees.
The decision could see application nationwide and make it more difficult to reject coverage in cases over corporate transactions.
It's time the P&C industry told its good stories, rather than waiting for the next controversy.
The court's ruling pointed to an insurance policy's 'unambiguous' language centered on the insured's 'physical' losses.
The ruling may dissuade policyholders from seeking D&O coverage for appraisal actions sought by shareholders who opposed a transaction.
U.S. courts managed to issue some fairly notable rulings outside of the COVID-19 context last year.
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