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Dentist says COVID-19 lockdowns caused physical loss in response to insurer's motion for judgment

Green
Mascoutah dentist Erik Taube argues that his lockdown loss suit against insurer Twin City Fire Insurance Company should not be dismissed because his claims survive the virus exclusion and the closures resulting from government orders caused physical losses of property.
Taube filed his response to Twin City’s motion for judgment on April 9 arguing that under the defendant’s assertion that coverage only exists if the business is physically infiltrated with the virus, he is faced with a Catch-22 in order to recover damages.
“Plaintiff would have to keep the property fully open in defiance of governmental orders and guidance to allow for an infiltration that triggers coverage, but doing so would likely constitute a failure to use reasonable means to save and preserve the property from further damage, thereby triggering the exclusion,” the response states.

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Linux Foundation launches blockchain-based platform for insurance

News
The Linux Foundation, the nonprofit technology consortium that supports the Linux operating system, is backing a new blockchain-based project for the insurance industry.
On Monday, the foundation announced the launch of the Open Insurance Data Link platform, a project that aims to reduce the cost of insurance reporting and create a standardized insurance data repository using distributed ledger technology.
OpenIDL is a joint initiative of the Linux Foundation and the American Association of Insurance Services, a national insurance advisory organization in the United States. The open-source project brings together major global insurance firms like The Hanover and Selective Insurance Group, as well as technology and service providers like MOBI, Chainyard and KatRisk to participate in a common DLT platform to share data and business processes in the insurance industry.

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Arizona Approves AAIS CannaBOP, Cannabis Businessowners Insurance Policy

Arizona Approves AAIS CannaBOP, Cannabis Businessowners Insurance Policy
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New AAIS Fire Risk Model Approved by Florida Regulator

New AAIS Fire Risk Model Approved by Florida Regulator
December 23, 2020
Insurance advisory organization AAIS (American Association of Insurance Services) has received approval from the Florida Office of Insurance Regulation for its new predictive model. The AAIS Fire Loss and Mitigation Evaluation Score (FLAMES) was designed to improve on existing methods of quantifying expected severity of fire losses.
Current methods of measuring fire risk reflect fire protection capabilities within the geographic boundaries of individual fire departments, but do not look at variation in capabilities and claims severity across communities. Using fire department boundaries can also make it difficult for insurers to integrate risk scores into underwriting systems and processes.

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Blockchain in Security Market 2020 Research, Key Players, Industry Overview, Supply and Consumption Analysis 2023

Blockchain in Security Market 2020 Research, Key Players, Industry Overview, Supply and Consumption Analysis 2023
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