The Memorial Day holiday weekend is the unofficial start to summer, with planned vacations or staycations filled with days at the pool, travel and barbecues, but these activities include inherent risks that could lead to more insurance claims in the coming sunny months.
The U.S. Supreme Court justices aren’t likely to take on any COVID-19 business interruption suits, according to attorneys for insurance carriers who say the country’s highest court is unlikely to review arguments impacting issues on physical loss or a virus exclusion in a policy.
Florida lawmakers are gathering for a special session later this month to tackle a tangle of property insurance issues in a market that has spiraled out of control, sending homeowners' premiums sky-high and pushing several insurance companies to stop underwriting or into insolvency.
A ruling by the Massachusetts high court Thursday marks the beginning of the end for policyholders who hoped state courts would find that COVID-19 and related shutdowns damaged properties in a way that would trigger coverage, attorneys for insurance carriers say.