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Courts in seemingly every jurisdiction are facing a wave of insurance coverage litigation arising out of the COVID-19 pandemic which requires them to address the extent to which typical business insurance policies apply (or not) to our decidedly atypical times. With little appellate guidance to date, courts across the country have reached different, and often irreconcilable, results. A series of recent federal court cases in Ohio has put the challenge (for courts, counsel, and parties alike) on full display. Below, we discuss two cases that reached opposite results based on similar facts, and a third that chose to refer the question to the Ohio Supreme Court.
Total Pandemic Losses for P/C Insurers Will Take Years to Determine: Fitch By Fitch Ratings | March 10, 2021
Incurred pandemic losses for U.S. property/casualty insurers increased only modestly in fourth quarter of 2020 from earlier quarters in the year. Still, the amount of ultimate losses remains unclear and will take several years to determine in business interruption, general and professional liability and other lines due to litigation, Fitch Ratings says.
Fitch said its rated P/C insurers have broadly maintained capital strength over the past year, and pandemic-related adverse ratings actions have been very limited. However, uncertainty remains regarding the full financial consequences and total insured losses from the pandemic.
The Northern District of Ohio Provides More Clarity On COVID19 Related Business Interruption Claims | Ulmer & Berne LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
Life Accident Insurance Market Is Booming Worldwide : MetLife, Aviva, Munich Re, ManhattanLife insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.
American Family Insurance Destina 105 Millones Para Ayudar A Cerrar Brechas De Equidad Bajo La elliderusa.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from elliderusa.com Daily Mail and Mail on Sunday newspapers.