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Insurers rewrite business policies after pandemic legal tussles - Netscape Money & Business

Insurers rewrite business policies after pandemic legal tussles By Alwyn Scott Reuters NEW YORK (Reuters) - U.S. insurers are strengthening language in policies that cover business losses to protect them from future claims related to the coronavirus pandemic or other widespread illnesses that disrupt operations, industry sources say. New policies and renewals now define terms like communicable disease or microorganism – something existing policies often lacked, and which led to a flood of lawsuits that insurers have so far largely won. An exclusion drafted by the Lloyd s Market Association, for example, says insurers will not cover any claim directly or indirectly arising out of, attributable to, or occurring concurrently or in any sequence with a Communicable Disease.

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