These are turbulent times. In the last year, cities have experienced many episodes of civil unrest with significant property damage and loss, physical harm to people. For our purposes, “civil unrest” encompasses three types of conduct. First, spontaneous or planned …
There aren’t many contexts where $2 trillion seems like a paltry sum. Then a pandemic comes along. The economic fallout from Covid-19 has left insurers issuing existential warnings and businesses discovering they weren’t covered. It’s resulted in courts packed with …
The year-end expiration of the federal Terrorism Risk Insurance Program Reauthorization Act (TRIPRA), and the uncertain future of the law, is creating problems in the U.S. terrorism insurance market, according to the Insurance Information Institute (I.I.I.). “The private sector does …