The New Jersey legislature recently introduced a bill designed to compel insurance companies to pay some business interruption claims arising out of the coronavirus
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First Coronavirus Coverage Suit Filed For Business Interruption
By: Edward M. Koch, Randy J. Maniloff and Marc Penchansky It wasn’t a question of if, but when. And the wait wasn’t long. Yesterday’s suit was filed in a Louisiana state…
NYDFS Mandate to Insurers Re COVID-19: Explain Your Business Interruption Coverage Now
By: Joshua A. Mooney Last week, in wake of anticipated losses from COVID-19 (coronavirus), the New York State Department of Financial Services (NYDFS) issued instructions mandating all property/casualty insurers “to…
New Jersey Legislature Considering Bill To Force Insurers To Pay COVID-19 Business Interruption Claims Expressly Excluded By ISO’s “Virus” Exclusion
While the current pandemic is new, the potential that policyholders would look to their business interruption insurance to cover COVID-19-related losses is not.
ISO Excluded Coronavirus Coverage 15 Years Ago
So far, business interruption policies have taken center stage in the coronavirus-insurance dialogue. That makes sense. We believe that two issues may grab the spotligh
Coverage Counsel Authors Insurer’s Letters – Leads To Waiver of Attorney-Client Privilege
The court set out the rules concerning attorney-client privilege in the context of a coverage dispute. As a starting point, “there is a presumption of no attorney-client privilege relevant between the insured and the insurer in the claims adjusting process.”