P/C Insurance Industry Backs New Government Fund to Help Businesses, Workers Hurt by Coronavirus Shutdowns

BREAKING NEWS: The fund will help businesses retain and rehire employees, maintain worker benefits and help cover operating expenses.

Supporters: American Property Casualty Insurance Association, The Council of Insurance Agents & Brokers, Independent Insurance Agents & Brokers of America, Inc., National Association of Mutual Insurance Companies, National Association of Professional Insurance Agents (PIA), Reinsurance Association of America and Wholesale & Specialty Insurance Association (WSIA)

The property/casualty insurance industry has joined a broad business coalition in supporting and crafting a new federal relief fund for businesses and

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Another Restaurant Files Suit to Force Coverage for Virus Shutdown

The lawsuit says their policy with The Hartford does not have an exclusion for a viral pandemic. (via Claims Journal)

Two California restaurants has filed a lawsuit against a unit of The Hartford, seeking a declaration that the owner’s commercial insurance policy covers

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We Oppose Nearly Every Government Insurance Program. We Could Support One for Pandemics.

No company should be forced to choose between endangering the public and going bankrupt. Does “pandemic insurance” have merit?

Over the eight years of our existence, the R Street Institute has offered critiques of government-backed entities that provide insurance or reinsurance

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Ocala Insurance March 31, 2020 at 03:00AM

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Driver Injured in Accident Not Eligible for Workers’ Comp After Failing to Wear Seat Belt

Another reason to click it!

The Court of Appeals of Virginia has upheld a Virginia Workers’ Compensation Commission decision that workers’ comp benefits cannot be awarded to a truck

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Insurance Makes ‘Essential Business’ List for States Restricting Commerce Due to Virus

You are essential. Like a dispensary.

Insurance industry professionals might take some pride in knowing that they are considered essential. In states where only essential businesses are

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AM Best Warns Losses Could Be Big for P/C Insurers Writing Event Cancellation Business

Business interruption, directors and officers, workers comp and dealing with losses on assets could impact it further.

Although event cancellation insurance represents a very small percentage of overall property/casualty premium, the losses for carriers that write this

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Free 1-hour webinar. Join live Tuesday, March 31

While you’re homebound, you know what it’s a good time for? Learning. Call it self-career-care and we’ve got you covered.

This webinar is designed to help you help your clients better understand their cyber risk and coverage. Sign up now to reserve your spot.

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Chubb Is Investigating a Possible Hack Attack

Chubb’s network is massive.

“We have no evidence that the incident affected Chubb’s network.“

Chubb confirmed that is looking into a possible hack attack, though a spokesperson said the insurance giant’s network appears at this point to be unaffected.

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Casino Gambles on Coronavirus Business Interruption Lawsuit Against Lloyd’s, AIG, XL

Another business interruption lawsuit.

A Native American tribe on Tuesday sued a group of insurance companies, asking a court to declare that losses it is incurring from shutting down its

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New York Woman Sentenced for Defrauding Workers’ Comp System of More Than $5K

2-4 years in the slammer for $5k. #FraudFriday

New York State Inspector General Letizia Tagliafierro has announced the sentencing of a Rochester, N.Y., woman who defrauded the workers’ compensation

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Some Details of the $2 Trillion U.S. Senate Coronavirus Rescue Bill

The details of the largest stimulus package ever approved by Congress.

U.S. senators will vote on Wednesday on a $2 trillion bipartisan package of legislation to alleviate the devastating economic impact of the coronavirus

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What State Insurance Regulators Have Asked of P/C Insurers to Address Coronavirus

The less time insurers have to spend on responding to regulators seeking information, the more they will be able to focus on customers.

As state insurance regulators monitor and respond to the coronavirus impact on insurance, property/casualty insurers are calling on them to coordinate

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Wilson Elser’s White Talks Coverage Questions, Regulatory Concerns as COVID-19 Spreads

A month ago we talked to Paul about how the insurance industry is well-prepared for the coronavirus outbreak. Here we are so many developments later and we checked back in.

Put this 20-minute podcast on in the background.

Wilson Elser Partner Paul White spoke with Insurance Journal’s Elizabeth Blosfield in February about the coronavirus outbreak and its impact on the insurance industry. As COVID-19 has continued to spread and the World Health Organization on March 11 officially declared it as a pandemic, Elizabeth …

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Commentary: Does Business Income Insurance Cover Coronavirus Shutdowns?

Policy and claims expert Bill Wilson goes DEEP into the ISO CP 00 30 10 12 – Business Income (And Extra Expense) Coverage Form. You know it, you’ve read it, let’s dive in.

On March 16, a lawsuit was filed in district court in New Orleans seeking a declaratory judgment about whether the business income coverage in a Lloyd’s

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Cruel Paradox: Beating Virus Means U.S. Recession

We’re in the “Lockdown Paradox” and we have never endured anything like this. Here’s what the chief US economist foresees.

The coronavirus is dealing a death blow to the longest U.S. economic expansion on record, triggering layoffs and putting intense strain on the nation’s

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Ocala Insurance March 26, 2020 at 03:01AM

#service We simply made our new Company Site, please go to and please leave us a review!! https://t.co/zCuApVUqDf pic.twitter.com/XhcaE6LmVG

— Fern Schmid (@FernSchmid) March 26, 2020

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FEMA Tackles COVID-19 While Also Facing Past Disasters, Spring Flood Season

Rain rain, go away. Can FEMA handle the coronavirus on top of the upcoming spring floods?

It wasn’t until Wednesday, five days after President Donald Trump declared a national emergency, that the Federal Emergency Management Agency announced it

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Coronavirus and Other Diseases: Is There Coverage

We all need this class right now. We have questions, your clients have questions, let’s get them answered.

This special class is only $39. Let’s navigate this together. Register now.

The world is reeling because of the impact of the COVID-2019. Businesses are closing. Borders are closing. Governments are reacting to the possibility of large groups of people becoming infected. Outside of the probability of an individual becoming inf

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How to Manage Risk in a Hardening Market

We’re paying today for our prior sins. How to mitigate the continuing rate increases in the insurance market.

A financial market that’s in correction territory, coronavirus pandemic fears and an insurance industry hard market for the first time in years. Are these

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