Business closure and stay-at-home orders have faced legal challenges based on putative Constitutional claims across several states. Several decisions have now been issued that construe the legal authority of state government to required closure of businesses and/or compel prospective customers …
U.S. legislation introduced on Tuesday would create a taxpayer-backed insurance program to protect businesses from revenue losses during future pandemics and require insurers to pay a slice of the claims. The legislation, introduced by Rep. Carolyn Maloney, a Democrat from …
New Nonprofit Organization Formed for Claims Pros Sydney Posner, formerly the chief relationship officer for Claims and Litigation Management, is forming her own nonprofit education and networking group for insurance claims professionals. Posner was appointed on Nov. 5 as executive …
Insurance – in any form, whether business, medical, workers’ compensation or auto – is the “safety net” that protects individuals and companies in case of damage, theft, injury, illness or loss. Fire, floods, earthquakes, tornadoes – even unanticipated freak accidents …
Days before Hurricane Florence is expected to slam into the U.S. East Coast, insurers are starting to see potential claims costs tick upward as people flee and companies halt operations. Evacuations, already affecting more than 1 million people in and …
Winter storms that brought heavy snowfall, freezing rain and Arctic air to the U.S. last month will probably cost more than $3.5 billion in economic losses, according to insurance broker Aon Plc. Insurers estimated losses of more than $1.4 billion …
The “can-do” attitude that makes many entrepreneurs so successful, could also be their Achilles’ heel, according to a new survey released by Hiscox, an international specialist insurer. Research found that despite 64 percent of small business owners who felt legal …
Almost $3 billion of the $3.2 billion Alabama insurers paid out to their auto, home and business policyholders in 2011 for catastrophe losses can be traced directly to the tornadoes, hail and thunderstorms that swept through the state between April …
Recent weather-related catastrophes have drawn attention to business interruption coverage where there is a need for thorough documentation of losses, according to experts. Business interruption is defined as the disruption of normal business operations because of an identifiable event beyond …