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Archive for May 2020

Bid to Force Interruption Insurance to Cover Virus Shelved

BATON ROUGE, La. — Louisiana lawmakers won’t try to force business interruption insurance policies to cover the widespread closures caused by the COVID-19 pandemic. Sen. Rick Ward, a Port Allen Republican, scrapped the proposal Wednesday amid concerns it could crater … Source: Claims Journal

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World’s Insurers Face $203 Billion Losses From Coronavirus

Lloyd’s of London, the world’s largest insurance exchange, estimates the industry will suffer around $203 billion in losses from the coronavirus pandemic this year. The projected losses include about $107 billion from underwriting claims, with the rest from insurers’ investment … Source: Claims Journal

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