Targeted News Service targetednews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from targetednews.com Daily Mail and Mail on Sunday newspapers.
National Association of Mutual Insurance Companies Applauds Announcement of Record-Breaking Mitigation Funding insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.
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Insurance Groups Tell 4th Circ. COVID Losses Not Covered
Law360 (July 27, 2021, 8:14 PM EDT) Two insurance company trade groups once again threw their support behind insurers fighting against COVID-19 business interruption cases, telling the Fourth Circuit on Tuesday that property carriers are not responsible for all of society s misfortunes.
The American Property Casualty Insurance Association and the National Association of Mutual Insurance Companies said commercial property insurance policies pay only for losses related to natural disasters, such as fires and hurricanes, and were never intended to cover pure financial losses from a pandemic. Property insurers are not, and cannot be, guarantors against the consequences of all unfortunate events that impact society at large, the two.
Financial Services Groups Still Fear Labor Bill thinkadvisor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thinkadvisor.com Daily Mail and Mail on Sunday newspapers.
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Trade Groups Urge 11th Circ. To Toss Florida Virus Suit
Law360 (July 19, 2021, 9:16 PM EDT) Two of the largest insurer trade groups in the country warned the Eleventh Circuit that overturning a COVID-19 coverage ruling in favor of Aspen Specialty Insurance Co. would threaten the solvency of the entire insurance industry, according to an amicus brief filed Friday.
The American Property Casualty Association and the National Association of Mutual Insurance Companies told the appellate court that it should uphold a Florida district court s ruling that Rococo Steak LLC of St. Petersburg, Florida, did not suffer physical loss or damage from the virus.