The COVID-19 epidemic is unfolding rapidly, with news breaking at a fast and furious pace, especially in relation to the insurance industry. From business interruption insurance to workers compensation, to auto insurance rebates and more, stories abound. Below you will find links to the latest general news about insurance issues related to COVID-19, as well as to those news stories featuring NAMIC.
Pandemic beats out climate change as insurers' existential worry
Pandemics became the top concern for insurance professionals this year as the Covid-19 crisis roils the industry worldwide. Infectious diseases and pandemics were ranked… (Digital Insurance, Oct. 1, 2020)
With advocacy groups, Cape Cod restaurants seek payouts from insurance companies for COVID-19 losses
Restaurant owners contend their business interruption insurance should cover pandemic-related losses because the state government ordered them… (Providence Journal, Sept. 27, 2020)
Gynecologist's COVID-19 Insurance Suit Survives Dismissal
A Florida federal judge has denied an insurer's bid to toss a suit by a gynecologist's office alleging it wrongfully denied coverage of losses… (law360.com, Sept. 25, 2020)
MDL Panel Considers Mini-MDLs For COVID-19 Insurance Cases
Earlier this year, lawyers for plaintiffs applied to the MDL Panel for consolidation of all COVID-19 business interruption cases in federal courts throughout the (National Law Review, Sept. 25, 2020)
Judge: No insurance coverage for dentist whose revenue plunged after Pritzker COVID lockdown orders
A federal judge has ruled a Lake Zurich dentist can’t force his insurance company to pay for business losses he suffered after Gov. JB Pritzker shut down… (Cook County record, Sept. 24, 2020)
Opinion: For trial lawyers, COVID-19 is just another feather in their cap
There’s no question the coronavirus pandemic has taken a heavy toll on our nation. It has caused the deaths of more than… (Detroit News, Sept. 22, 2020)
UA trustees sue firm over pandemic losses
The University of Arkansas board of trustees has filed a lawsuit against insurance giant Travelers alleging that its "all-risk" commercial property insurance should cover…(Arkansas Democrat Gazette, Sept. 20, 2020)
UK small companies win victory in Covid insurance test case
Hundreds of thousands of small companies that were forced to close during the Covid-19 pandemic will now receive payouts on insurance claims, following a high court judgment in… (The Guardian, Sept. 15, 2020)
Businesses, insurers want federal backstop to interruption insurance
Brick-and-mortar retailers are fighting for survival in this pandemic economy, and some just aren’t making it. On Thursday, Century 21 Stores, a clothing chain mostly in … (Marketplace, Sept. 11, 2020)
Momentous business interruption ruling reached in Missouri
A momentous ruling pertaining to COVID-19 business interruption claims was reached by a court in Missouri last month. Much to the displeasure of insurance companies, US District Court Judge Stephen Bough for the Western District of Missouri ruled that… (Insurance Business America, Sept. 11, 2020)
Federal Judge Dismisses Florida Dentist’s Coronavirus Business Interruption Claim
A federal judge in Florida has dismissed a suit for business interruption insurance payments by a Florida dentist who claimed the damages were caused by COVID-19 virus and related civil authority shutdowns of… (Insurance Journal, Sept. 4, 2020)
5 Court Cases Shaping Business Interruption Claims After COVID-19
First came the virus. Then came the lawsuits. With businesses stopped in their tracks, many have turned to their … (Risk and Insurance, Sept. 2, 2020)
What Won’t Cure Corona: Lawsuits
Coronavirus has delivered the most severe blow to the American economy since the Great Depression. The contraction in growth and spike in unemployment will add to the… (Wall Street Journal, April 21, 2020)
No deal yet on stimulus as stock market teeters on the edge
Negotiations on an economic stimulus measure that had hit about $1.8 trillion by Sunday — and probably climbing — were set to continue Monday morning, top Senate … (Roll Call, March 23, 2020)
Georgia insurance commissioner bans policy cancellations during pandemic
Georgia’s insurance commissioner on Friday banned insurers from canceling health and business policies while the state navigates the … (Atlanta Journal-Constitution, March 20, 2020)
Insurers Reject House Members’ Request to Cover Uninsured COVID Business Losses
A bipartisan group of U.S. House members has asked insurers to retroactively recognize financial losses relating to COVID-19 under commercial business … (Insurance Journal, March 20, 2020)
4 Coronavirus Developments Insurance Lawyers Should Know
The ever-evolving coronavirus crisis generated headlines in the insurance industry this past week, with insurers pushing back on legislative … (Law360.com, March 20, 2020)
Banks and insurance companies get court order to hold electronic annual meetings
Canada's biggest banks and life insurance companies are moving to hold their annual meetings using electronic means. They say they will conduct the meetings through … (March 20, 2020, Canadian Press)
States scramble for their fair share of federal pandemic aid
While it has not yet triggered a war between the states, the COVID-19 pandemic is sure to set up a competition among them as they scramble for limited federal … (Roll Call, March 20, 2020)
Members of Congress Urge Insurers to Cover COVID Business Interruptions
A bipartisan group of U.S. House members has asked insurers to retroactively recognize financial losses relating to COVID-19 under commercial business interruption … (Carrier Management, March 20, 2020)
Consumer Groups Call for Auto Insurance Premium Offsets as Coronavirus Slashes Driving
The shutdown of workplaces and gathering spots around the country to slow the spread of coronavirus may lead to a sharp reduction in auto insurance claims. Two consumer … (Carrier Management, March 19, 2020)
Can insurance lessen the economic costs of the coronavirus pandemic?
As massive efforts are underway to slow the novel coronavirus, the costs are rippling through the economy. Travel restrictions, business and school closures … (The Hill, March 19, 2020)
Murphy expected to sign host of bills to alleviate COVID-19’s economic impacts
The state Legislature on Thursday sent Gov. Phil Murphy a host of bills all aimed at alleviating the economic impact the coronavirus could have on businesses across New Jersey – part … (NJBiz, March 19, 2020)
COVID-19 Insurance Impacts
In the throes of the COVID-19 pandemic, businesses have been significantly impacted and, whenever possible, should turn to their insurance carriers for coverage … (National Law Review, March 19, 2020)
Commissioner Requests 60-Day Grace Period to Pay Insurance Premiums
In the wake of COVID-19 related financial challenges, state officials are asking insurers to grant customers a grace period. On Wednesday, California Insurance Commissioner … (MyMotherLode, March 19, 2020)
Coronavirus legislation in New Jersey pulled without a vote; Insurers call bill 'radical'
The future of coronavirus legislation proposed by New Jersey lawmakers is uncertain after the insurance industry expressed concerns it was short-sighted and ignored … (Legal Newsline, March 18, 2020)
Insurance, contracts may not protect against coronavirus disruptions
As the new coronavirus alters nearly every aspect of daily life in the United States, unprecedented disruptions to American businesses are forcing companies to face legal and insurance … (Daily Camera, March 18, 2020)
Utah coronavirus testing hits another snag: an earthquake
Utah reported 12 more coronavirus cases Wednesday as the state’s public health laboratory stopped testing samples due to a magnitude … (Salt Lake Tribune, March 18, 2020)
AM Best Pandemic Stress Test Announced
Although AM Best believes property/casualty insurers won’t be as severely impacted by the COVID-19 pandemic as life and annuity players, the rating agency said yesterday … (Carrier Management, March 19, 2020)
Entire Georgia state legislature urged to self-quarantine after positive coronavirus test
The entire state legislature of Georgia is being urged to self-quarantine after a state senator who participated in a vote on Monday has tested positive for … (The Hill, March 19, 2020)
U.S. recession chances now at 80% despite Fed emergency moves: Reuters poll
The coronavirus crisis has almost certainly ended the longest U.S. expansion on record and pushed the economy into the start of a short slump … (Reuters, March 19, 2020)
U.S. lawmakers pushing ahead with third coronavirus aid package
U.S. lawmakers were rushing ahead on Thursday with forging a massive economic stimulus measure to counter the destructive impact of … (Reuters, March 19, 2020)
Redefining district work: House members opt to telework during coronavirus pandemic
House members this week have redefined what it means to be in a district work period, as most of them are back home but unable to directly face constituents amid … (Roll Call, March 19, 2020)
Wuhan offers hope on virus front; Italy nears stark toll
Thursday was a day of contrasts on the front lines of the battle against the new coronavirus. In a sign of hope, the … (Associated Press, March 19, 2020)
Fed Faces Threat Like Never Before While Virus Petrifies Markets
Financial markets are sending central banks a stark message: tackling the economic impact of the coronavirus isn’t just about … (Bloomberg, March 19, 2020)
How will COVID-19 impact wildfire response?
Amid the Washington COVID-19 outbreak, the state’s wildfire firefighting agencies are quietly gearing up for a season that could be anything but normal. As of early … (Federal Way Mirror, March 18, 2020)
Diaz-Balart, McAdams are first members of Congress to report positive coronavirus test
Two House lawmakers announced Wednesday that they had tested positive for the novel coronavirus. Hours after Florida Rep. Mario Diaz-Balart … (Roll Call, March 18, 2020)
How will COVID-19 impact wildfire response?
Amid the Washington COVID-19 outbreak, the state’s wildfire firefighting agencies are quietly gearing up for a season that could be anything but normal. As of early … (Federal Way Mirror, March 18, 2020)
Restaurant industry estimates $225B in losses from coronavirus
The National Restaurant Association on Wednesday wrote to President Trump and congressional leaders estimating that the industry’s sales will decline by … (The Hill, March 18, 2020)
Senate to pass coronavirus package as Treasury proposes emergency checks starting April 6
The Senate is expected to pass a multi-billion dollar emergency aid package on Wednesday to confront the economic impacts of the coronavirus, as the Treasury … (Politico, March 18, 2020)
Trump invokes Defense Production Act as coronavirus response
President Trump announced Wednesday he will invoke the Defense Production Act, which would allow the administration to force American industry to … (The Hill, March 18, 2020)
New study finds coronavirus can survive in air for hours, on surfaces for days
New research suggests the highly contagious virus that causes COVID-19 can stay viable in the air for hours and live on some surfaces for … (The Hill, March 18, 2020)
Coronavirus forces U.S. lawmakers to overcome steep partisan divide
With coronavirus cases reported in all 50 U.S. states, lawmakers in Washington are working to limit the economic damage from the widening … (Reuters, March 18, 2020)
McConnell wants GOP deal on third coronavirus bill before negotiating with Democrats
Senate Majority Leader Mitch McConnell (R-Ky.) said Republicans will work out a deal among themselves on a third coronavirus funding package before negotiating … (The Hill, March 17, 2020)
Mnuchin Says
He’s ‘Very Close’ to Deal With Pelosi on COVID-19 Response
The
possibility that the House could pass a Trump administration-approved coronavirus response package
remains alive Friday, as Treasury Secretary Steve … (TPM, March 13, 2020)
FDA
Grants Emergency Approval for Faster Coronavirus Test
The U.S. Food and Drug
Administration has granted diagnostics giant Roche Holding AG an emergency approval for an automated
coronavirus … (The Hill, March 13, 2020)
Coronavirus
Work-From-Home Response May Expand Cyber Risk
As U.S. employers ask employees to
work from home to avoid exposure to coronavirus, they may be exposing themselves to another kind
… (Insurance Journal, March 13, 2020)
Georgia
Legislature to Pause Session Amid Coronavirus Concerns
Georgia lawmakers are set
to suspend the current legislative session indefinitely amid concerns over coronavirus following the
state’s first death traced to the disease. The General Assembly … (The Brunswick News,
March 13, 2020)
Insurers
Face Double Whammy From Coronavirus Crisis
Having initially brushed off the
potential impact from coronavirus-linked claims, global insurers are waking up to the prospect of a
double whammy - a sharp rise in payouts … (Reuters, March 12, 2020)
Kansas
Reports COVID-19 Death; Governor Declares Emergency
A Kansas City-area nursing
home resident has become Kansas’ first COVID-19-related death, and health officials said Thursday
that his case, the state’s fifth, means that the coronavirus has now … (KMOV Topeka, March
12, 2020)
Uncertainty
Surrounds the Legislative Session Amid COVID-19 Concerns
The future of
Missouri’s 2020 legislative session is unclear as increasing concerns about COVID-19 spread across
the country, but the House of Representatives will meet next week to pass its version …
(Missourian, March 12, 2020)
Ohio
Health Official Estimates 100,000 People in State Have Coronavirus
A top health
official in Ohio estimated on Thursday that more than 100,000 people in the state have coronavirus, a
shockingly high number that underscores … (The Hill, March 12, 2020)
75%
of Companies Report Coronavirus has Disrupted Their Supply Chains
Nearly 75% of
companies are seeing capacity disruptions in their supply chains as a result of coronavirus-related
transportation restrictions, according to an Institute for … (Fortune, March 11, 2020)
Employer coalition launches ad in DC area pushing for liability shield (The Hill, July 24, 2020)
Insurers propose pandemic assistance plan (CFO Dive, May 26, 2020)
Insurers face off with Congress over pandemic coverage (Politico, May 21, 2020)
Coronavirus reverberates through workers' compensation market (Insurance Business America, May 20, 2020)
P/C Insurers Back a Federal Pandemic Loss Fund But Not a Backstop Like TRIA (Insurance Journal, May 19, 2020)
Maloney drafting pandemic insurance bill as COVID-19 shows gap (Roll Call, May 14, 2020)
Insurance Firms Plan to Fight Federal Pandemic Liability Proposal (WSJ, May 14, 2020)
Insurers Balk at Pandemic Coverage Proposal (CFO, May 14, 2020)
Consumer Groups Continue to Hammer Industry for Inadequate Auto Premium Relief (Insurance Compliance Insight, May 11, 2020)
Insurers Starting to Win Business Interruption Coverage Debate (Insurance Compliance Insight, May 11, 2020)
US House Bills to Expand BI Cover Would Wreck Markets, Trade Reps Say (AM Best, May 8, 2020)
Worries for restaurant owners are real, but post saying Georgia Gov. mandated reopening goes too far(PolitiFact, May 8, 2020)
Insurers push back in COVID-19 coverage case (Business Insurance, May 8, 2020)
Insurance advocates raise concerns over COVID property bill Business Insurance, (May 7, 2020)
Insurers Oppose California Order for Workers’ Comp COVID-19 Presumption AM Best, (May 7, 2020)
D.C. council removes proposed COVID-19 business interruption coverage Westlaw.com via Roll Call, (May 6, 2020)
DC backs off plan to force insurers to pay certain business interruption claims SPGlobal, (May 5, 2020)
DC Council ditches Covid-19 BI cover mandate Insurance Insider, (May 5, 2020)
DC Council Drops Mandatory BI Bill AM Best, (May 5, 2020)
District of Columbia’s Business Interruption Bill Would Require Coronavirus Payments Insurance Compliance Insight, (May 4, 2020)
Business Groups Oppose Expanding California Workers’ Comp to Coronavirus Claims Insurance Compliance Insight, (May 4, 2020)
COVID-19 Insurance Claims May Not Be Such A Lost Cause Law360, (May 1, 2020)
Insurance companies are refusing to pay for restaurants' pandemic losses WUSA, (April 28, 2020)
Businesses hit by coronavirus sue insurers for rejecting claims; Pa. court ruling could aid businesses Patriot News, (April 26, 2020)
Legal battles loom as businesses hit by virus sue insurers Tuscon.com, (April 25, 2020)
NAMIC Applauds Repeal of Illinois Workers’ Comp Expansion Rules (Insurance Journal, April 28, 2020)
Springfield judge blocks Pritzker's COVID workers' comp rule changes; Employers say are illegal, could cost billions (Cook County Record, April 24, 2020)
Legal battles loom as businesses hit by virus sue insurers (ABC News via Associated Press, April 23, 2020)
Celebrity chefs, insurers lobby Trump in fight over massive claims payouts (Politico, April 23, 2020)
COVID-19 to unleash torrent of lawsuits against insurers (Indianapolis Business Journal, April 17, 2020)
Utah passes bill to provide workers’ comp to first responders who contract COVID-19 (Daily Herald, April 17, 2020)
Coronavirus Battle: Chef Thomas Keller Suing Insurance Company For Denying Claim (CBS Sacramento, April 17, 2020)
Despite Insurance Industry Concerns, More States Introduce COVID-19 BI Bills (Insurance Journal, April 15, 2020)
D‘I feel like I’ve been duped’: Business owners fight insurers over coronavirus-related losses (Fox 43, April 13, 2020)
California Is First State to Order Insurance Premium Refunds (Insurance Compliance Insight, April 13, 2020)
Following passage of CARES Act, insurance groups call for COVID-19 fund (PC360, April 13, 2020)
Insurers Can’t Cover Everything But they’re uniquely suited to help distribute relief funds for businesses affected by coronavirus. (Wall Street Journal, April 9, 2020)
'Where are they when you need help?' Restaurants want insurers to cover coronavirus losses (Indianapolis Star, April 9, 2020)
In letter to lawmakers, insurers say pandemic cost is too great (Roll Call, April 8, 2020)
Car Insurer American Family Gives $200 Million in Coronavirus Refunds as Accidents Decline (WSJ, April 6, 2020)
Business owners facing mounting losses as insurance firms balk at coronavirus claims ([South Carolina] Post and Courier, April 5, 2020)
Coronavirus goes to court: After lives and livelihoods come the lawsuits (USA Today, April 3, 2020)
Insurance companies are under pressure to pay out business pandemic claims they say aren't covered (Washington Examiner, April 3, 2020)
No business interruption virus cover, insurers tell Calif. Lawmakers (Business Insurance, April 3, 2020)
Insurers Back Government Fund for Employers, Workers Hurt by Virus Shutdowns (Claims Journal, April 1, 2020)
U.S. Lawmakers are Pressuring Insurers to Cover COVID-19 Business Losses (Legal Scoops, April 1, 2020)
Buyers, insurers call for 9/11-type fund to relieve COVID-19 impact (Business Insurance, March 31, 2020)
Insurers call for federal fund to help coronavirus-impaired businesses (Roll Call, March 31, 2020)
Pressure Mounts on Insurance Companies to Pay Out for Coronavirus (Wall Street Journal, March 30, 2020)
P/C Insurers Put a Price Tag on Uncovered Coronavirus Business Interruption Losses (Insurance Journal, March 30, 2020)
Ohio Bill Would Expand Business Interruption Coverage During COVID-19 Emergency (Insurance Journal, March 30, 2020)
N.Y. introduces bill on pandemic-related business interruption claims (Business Insurance, March 30, 2020)
US insurers face political pressure to pay out for pandemic-related claims (Insurance Business, March 27, 2020)
Insurers scramble to avoid 9/11-style coronavirus backlash (Politico, March 26, 2020)
Coronavirus Business Loss Bills Face Constitutional Hurdles (Law 360, March 26, 2020)
Public Pressure Growing for Insurers to Be Part of Coronavirus Solution (Claims Journal, March 24, 2020)
Insurers Reject House Members’ Request to Cover Uninsured COVID Business Losses (Insurance Journal, March 20, 2020)
Members of Congress Urge Insurers to Cover COVID Business Interruptions (Carrier Management, March 20, 2020)
Coronavirus legislation in New Jersey pulled without a vote; Insurers call bill 'radical' (Legal Newsline, March 18, 2020)