By Max Dorfman, Research Writer, Insurance Information Institute A new and risky legal precedent could be set as the coronavirus pandemic continues to roil the U.S. economy. A growing number of policyholders say that insurers are acting in bad faith when they deny claims for losses sustained during shutdowns. While business income interruption coverage typically […]
Industry surplus would be diluted for other catastrophic claims Source link […]
Insurers argue that the 100-plus cases shouldn’t be consolidated Source link […]
He shares the advice he’s giving to his clients Source link […]
Plaintiffs and their lawyers argue that insurer conveniently interpreted the virus exclusion clause in its favor Source link […]
Lawsuit alleges the insurer is summarily denying any claim for loss of business income by small businesses to avoid litigation Source link […]
COVID-19 cases are flooding in, but in this one a carrier is suing its insured – over its broker’s actions Source link […]