New bills would limit WYO fees
With its temporary reauthorization due to expire next month, new bipartisan legislation filed in both the U.S. House and Senate would extend FEMA’s National Flood Insurance Program (NFIP) for another five years, under a …
Backstop hesitancy on Capitol Hill
During the height of the initial pandemic last year, there was serious talk about what role the insurance industry could and should play in providing protection in future pandemics, especially for business interruption. Part of …
Restaurant appealing summer decision
A Florida restaurant’s unsuccessful business interruption (BI) insurance claim that’s been referenced in COVID-related claims lawsuits is now being appealed to the U.S. Supreme Court. And although the restaurant’s case has nothing to do with the …
BI rulings, life insurance, home sales
Recent federal court rulings in Florida this month continue to favor insurance companies in actions against them for business interruption (BI) insurance claims stemming from the coronavirus pandemic. Meanwhile, life insurance companies are putting …
Latest Florida case to fail
One of the prominent business interruption coverage lawsuits from the pandemic that we’ve been watching here in Florida has ended in dismissal – again for “lack of physical damage,” as required in the insurance policy. …
Insurance companies prevailing
Two significant business interruption (BI) insurance claim cases here in Florida – one which builds on the other – were recently decided in favor of the insurance companies. Together, they’re expected to make it significantly difficult to …
Conflict over future BI policy wording
There are new developments to report on the Business Interruption (BI) insurance front – some positive and some discouraging for insurance interests – as well as efforts to protect businesses from being unduly sued …
Win for insurance companies
We’ve been following developments over the past several months concerning Business Interruption (BI) insurance claims from the coronavirus, along with fledgling efforts by state and federal governments to enact various legislation to either mandate such coverage …
Insurance litigation increasing
As a growing number of Florida businesses reopen from the coronavirus shutdown, the number of insurance lawsuits in our federal courts are on the rise. Members of the Florida Legislature and state officials are working on a …
Answers and Advice
While some businesses have filed business interruption (BI) insurance claims and lawsuits, Congress and a few individual states are trying to craft a variety of broader solutions. I recently talked with two experts – one an insurance …