You have to know where you've been to get a clear view of where you should be headed.

"A plain reading of the policy provides that the parties intended to exclude coverage for COVID-19 related losses like the losses plaintiff allegedly suffered in the immediate case," the court said.

The insolvent Florida-based insurer has some 200,000 policies nationwide, including 30,000 policies in Louisiana.

In the latest Insurance Speak podcast, Watkins identifies some of the risks facing insurers.