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.
U.S. insurers are strengthening language in policies that cover business losses to protect them from future claims related to the coronavirus pandemic or
Seven Must Reads for the CRE Industry Today (March 6, 2021) Burlington Stores and Saks Fifth Avenue each announced changes to their retail strategies. Commercial Observer looks at whether recent scandals surrounding New York Gov. Andrew Cuomo have implications for real estate. These are among today’s must reads from around the commercial real estate industry.
Burlington Stores to open 100 stores in 2021; cites ‘significant market share opportunity’ “The off-pricer, which ended the year with 761 stores nationwide, expanded its long-term store count potential to 2,000 stores, up from its previous target of 1,000 stores. It expects to open 100 new locations in its current fiscal year. In expanding the target, Burlington cited its new smaller store format and “the opportunity presented by accelerating retail disruption and industry-wide store closures” (
Experts shed light on maritime security and growth opportunities in region
The 9th Inte¬rnational Maritime Conference (IMC) 2021, being organised by the National Institute of Maritime Affairs under the aegis of Pakistan Navy, and conducted in tandem with the 7th Multinational Maritime Exercise Aman-2021, reached its second day on Sunday.
The conference themed on ‘Development of Blue Economy under a Secure and Sustainable Environment: A Shared Future for Western Indian Ocean Region’ featured more eminent international and national scholars who elucidated a variety of issues pertaining to maritime security, the environment and relevant growth opportunities in the region.
Like the previous day, the second day of the conference was also divided into three sessions. Special Assistant to the Prime Minister on National Security Dr Moeed Yusuf graced the first session as the chief guest. Intellectuals across the globe extended their views on the ‘Need of Maritime Security and Susta
KARACHI: The 9th International Maritime Conference (IMC) 2021, being organised by the National Institute of Maritime Affairs under the aegis of Pakistan Navy, and conducted in tandem with the 7th Multinational Maritime Exercise Aman-2021, reached its second day on Sunday.
The conference themed on ‘Development of Blue Economy under a Secure and Sustainable Environment: A Shared Future for Western Indian Ocean Region’ featured more eminent international and national scholars who elucidated a variety of issues pertaining to maritime security, the environment and relevant growth opportunities in the region.
Like the previous day, the second day of the conference was also divided into three sessions. Special Assistant to the Prime Minister on National Security Dr Moeed Yusuf graced the first session as the chief guest. Intellectuals across the globe extended their views on the ‘Need of Maritime Security and Sustainable Growth A Shared Vision for Western Indian Ocean Region’.