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Insurers' COVID-19 Notepad: What You Need to Know Now (Week of March 15) | All Alerts & Newsletters

Mar.15.2021
Courts Dismiss COVID-19 Business Interruption Claims
On March 8, 2021, the district court for the Southern District of California granted Travelers Property Casualty Company of America’s motion to dismiss a flower importer and distributor’s COVID-19 extra expense claim. The court found that the policy’s Acts or Decisions Exclusion which “bars coverage for property damage, loss, and expense that is caused by or results from any decision, act or failure to act or decide, by…any ‘governmental body,’” unambiguously excluded coverage.
See Order at 13. Because Travelers based its denial of coverage on the applicable exclusion, the court similarly dismissed the plaintiff’s breach of implied covenant of good faith and fair dealing claim. ....

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Movers & Shakers for March 15, 2021

Movers & Shakers for March 15, 2021
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Versicherer Talanx in Hannover strebt für 2022 einen Milliardengewinn an

Versicherer Talanx in Hannover strebt für 2022 einen Milliardengewinn an
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Hanover employee giving campaign raises $1.5M for United Way, other nonprofits

The Hanover Insurance Group, Inc. of Worcester raised $1.5 million for the United Way and other nonprofits as part of its annual employee giving campaign, the company announced on Tuesday. ....

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The Hanover Contributes $1.5 Million in Support of United Way, Other Nonprofits

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WORCESTER, Mass., March 2, 2021 /PRNewswire/ The Hanover Insurance Group, Inc. (NYSE: THG) today announced the results of its annual employee giving campaign, raising $1.5 million for United Way and hundreds of other nonprofit organizations across the country. The contribution represents the largest donation the company s charitable foundation and its employees have ever made through the annual giving program.
More than 83% of employees nationwide contributed to the company s More United Than Ever virtual campaign in recognition of the COVID-19 pandemic, with 3,500 employees taking part. Throughout this year, donations will be paid out to 113 United Way chapters and 1,515 nonprofits. The contributions will benefit countless individuals and families in need across the country who receive support and services through nonprofit organizations. Employees alone contributed $1,001,249 to the campaign. With matches from The Hano ....

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