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If insurers want to lead us out of this crisis, and not be ruined by it, they need to stick to the straight and narrow. -
Small businesses from the hospitality sector sued the insurers in six states.
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The findings by the state supreme court could create implications for insurance disputes.
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The request for data by 27 April comes amid escalating market concerns around the breadth of BI coverage.
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The action emanates from a declined BI claim for losses at 37 pubs and restaurants.
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Property reinsurers seem to be preparing to draw the battle lines on Covid-19 claims around T&Cs.
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Hiscox, Willis and Lloyd's were among the companies that faced up to the Covid-19 crisis, while US lawmakers also had their say.
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The calculation is based on carrier guidance to the market about potential exposures.
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Precise wordings could trump underwriters’ intentions, or the fact Covid-19 losses were unforeseen and unprecedented.
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Chaos in financial markets is also expected to have a substantial effect on Arch’s investment income in Q1.
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The company has cut its expected full-year EPS by roughly 26 percent.
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The Hartford, CNA, Arch and The Hanover all dropped more than 6 percent on Wednesday, performing worse than the broader market.
