Product Fraud is Surging During the Pandemic. How Are Insurance Companies Dealing With Liability Determinations?

Every crisis presents an opportunity for bad actors to commit fraud. Covid-19 scams have cost Americans a total of $13.4 million since the beginning of the year, according to the Federal Trade Commission. Fraudulent or mis-advertised products constitute one major category of these scams. It’s likely that plaintiff’s attorneys will take advantage of the fraud surge … Read more

States Seek to Compel Business Interruption Coverage in the Wake of COVID-19. What Does This Mean for Insurers?

At least seven states are considering legislation that would force insurers to pay business interruption claims related to COVID-19, even where policies specifically exclude coverage for losses stemming from the spread of communicable disease. Though the proposed bills vary slightly, most seek to retroactively compel coverage for losses incurred since declarations of emergency were issued … Read more