Would cover future pandemics & catastrophes
The possibility that the current pandemic may not be an infrequent event has the workers’ compensation insurance industry proposing a new multi-million dollar catastrophe fund that businesses would pay into through a special annual …
From the courts to the parks
While COVID-19 shut down business and other activities, it didn’t slow the growth of lawsuits in Florida, with clerks reporting a huge influx of new cases and a growing million case backlog, as most …
There’s an eerie stillness around downtown Tallahassee, Florida’s capital city, compared to past years at this time. Due to COVID-19 precautions and restrictions on public interaction, we’ve seen what a ghost town it is both inside and outside the Capitol …
Insurance, lawsuit protection
The winners of the November 3 election, save for a couple handfuls who tested positive for the coronavirus and were excused, were sworn into office during the Florida Legislature’s organizational session on November 17. The virus, of …
Businesses fear COVID lawsuits
As we’ve reported over the summer, work has continued behind the scenes among some Florida legislators and other elected officials to craft a bill that would provide liability protection for businesses related to the coronavirus pandemic. …
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 …
Insurance and state economic impacts
As a federal judicial panel now weighs whether to consolidate the thousands of lawsuits over denied business interruption insurance claims, insurance companies – including a prominent Florida one – are still balancing sound financial practices …
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 …
There were a lot of firsts this reinsurance renewal season and one of them was a wholesale pandemic exclusion in reinsurance treaties. This provision necessitates property insurance companies having to file a forms revision with the Florida Office of Insurance …
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 …