Covid-19: Insurance Implications

Life, travel and event cancellation insurers closely engage in the rapidly unfolding global development of COVID-19 and prepare for the next few months. CPB Partner, Helen Tilley, comments on the insurance implications alongside local perspectives from Insuralex network member law firms in Italy, France, Spain and Japan The 2019 Novel Coronavirus that originated in the
Tagged under: , ,

FREE INSURALEX WEBINAR: Impact of Covid-19 on the Latin American (Re) Insurance Industry (II)

This is the second of two unparalleled webinars offering a regional overview about the impact of the Covid-19 on the Latin American (Re) Insurance Industry. This webinar is aimed at and designed exclusively for insurance and reinsurance professionals, as well as (re)insurance intermediaries. Countries covered: Colombia, Costa Rica, Ecuador, Mexico, Panama, Peru and Venezuela. Topics:
Tagged under: , ,

FREE INSURALEX WEBINAR: Impact of Covid-19 on the Latin American (Re) Insurance Industry (I)

This is the first of two unparalleled webinars offering a regional overview about the impact of the Covid-19 on the Latin American (Re) Insurance Industry. This webinar is aimed at and designed exclusively for insurance and reinsurance professionals, as well as (re)insurance intermediaries. Countries covered: Argentina, Bolivia, Brazil, Chile, Paraguay and Uruguay. Topics: COVID19 and impact
Tagged under: , ,

Pandemic’s Impact on Case Evaluations

As we have seen to tragic effect around the world, the COVID-19 virus has proved to be unpredictable, with guidelines from state and federal governments and health agencies evolving from one week to the next. Currently, the effect of the crisis on litigation is also hard to predict, but the profound experience our future jurors
Tagged under: , , ,

The COVID-19 Pandemic and an Insurer’s Duty of Good Faith

Managing Crisis: The COVID-19 Pandemic and an Insurer’s Duty of Good Faith “Statutory Claims Handling Guidelines Remain in Effect!” By: Rick Hammond, HeplerBroom, LLC*   Background Numerous state governors have issued “shelter in place” orders that effectively close all “nonessential businesses,” i.e., those companies that are not in a critical infrastructure industry as defined by
Tagged under: , , ,

Insurance: When is a shareholder’s interest an insurable one?

The concept of an insurable interest forms part of the foundation of a contract of insurance. In South African insurance law, without an insurable interest a contract of insurance will be invalid. Usually, a person is said to have an insurable interest where he or she faces financial harm on the loss or destruction of
Tagged under: , ,

Small Business Employer and Employee Options in This Uncertain Time

Many small U.S. businesses are facing uncertainty about continued viability as a result of the COVID-19 pandemic. An important part of this deliberation is how these small businesses can not only continue operations, but care for their valued employees during continued operation. The legal landscape related to these issues is constantly evolving. This article addresses
Tagged under: , , ,

Mediating in a Social Distancing Environment

Life as we know it changed in January of this year upon confirmation that the Coronavirus had reached the US. As of this writing the United States has seen at least 217,263 confirmed cases of Coronavirus, and at least 5,151 Coronavirus deaths. The Coronavirus has been declared a pandemic, and is taking its toll on
Tagged under: , , ,

Paycheck Protection Program An Economic Lifeline During an Unprecedented Crisis

The U.S. Treasury Department released new implementation guidance on April 6, 2020 regarding the Paycheck Protection Program (PPP), including changes to interpretations for loan amount calculation. Additionally, the new guidance provides relaxed standards for applicants and underwriting banks. These changes could have a material impact on a borrower’s loan amount (it will likely increase the loan amount)
Tagged under: , , ,

The Math Just Got More Complicated

California Insurance Commissioner Suspends All Statutory and Contractual Deadlines For 90 Days After the Termination of State of Emergency California Insurance Commissioner Ricardo Lara has suspended all statutory and contractual deadlines associated with insurance claims for 90 days past the termination of California’s current COVID-19 State of Emergency. The Commissioner’s Notice does not mention the claims handling
Tagged under: , ,