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Last December, the National Association of Insurance Commissioners (NAIC) adopted amendments to the Model Act. If enacted by individual states, these amendments will result in significant changes to anti-rebating laws that were first established in 1887. Here’s what brokers and insurers need to know moving forward. [Read full article at CIWA.net]



Attempts to circumvent insurance policy virus exclusions are being repeatedly rejected by the Courts. Recently, a Fresno based European Wax Center was forced to lay off 30 employees as a result of the state-mandated closures. The salon made business interruption claims against its insurer, Sentinel Insurance Company, which were denied since the salon could not …


Two days after the cancellation of the 2020 Minor League Baseball season due to the coronavirus pandemic, 22 teams filed lawsuits against insurance companies over rejections of business interruption claims.    The insurers claim that business interruption coverage due to a virus outbreak has been excluded from standard policies, such as these, for quite some time …


Businesses throughout the nation are struggling to survive in the new environment of closures, social distancing and lock-downs. The loss of income is catastrophic to the business owners and employees alike.  One potential source of funds is through business insurance, a source probably never intended for the claims now being made. The American Property Casualty …


A series of class action lawsuits have been initiated against certain insurers who have denied business interruption claims filed by their insureds.   In each case, the businesses – which include bakeries, taverns, restaurants, nightclubs and bridal retailers –  allege they paid premiums to the insurance companies for business interruption insurance for situations where they could …


The COVID-19 pandemic and “Stay at Home” orders issued in response have had an immediate and significant impact on the activities of California businesses and individual policyholders.  As a result, California Insurance Commissioner Ricardo Lara has noted that “projected loss exposures of many insurance policies have become overstated or misclassified” and has ordered premium reductions …


To soften the economic impact of the COVID-19 pandemic, many businesses are assessing their insurance policies whether existing insurance policies may provide some relief.  A New Orleans restaurant recently filed the first of a potential flood of lawsuits seeking insurance benefits to cover losses from government-mandated closures due to the novel coronavirus outbreak.  At the …

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