Content from Susanne Sclafane
Insurers Need Playbook to Slow Social Inflation; COVID Didn’t Do It
If liability insurers and defendants want to turn the tide of social inflation, they need to come together as teammates with a solid game plan, a reinsurance claims executive said recently. Agreeing ...
Chubb Unveils Public-Private Program for Pandemic Biz Interruption
Chubb unveiled a proposal for the insurance industry and federal government to partner on covering future pandemic-related business interruptions—and to get money to small businesses ...
Federal Biz Interruption Bill Backed by Plaintiffs Group Introduced
Last week, a U.S. lawmaker introduced a bill that would allow insurers to voluntarily pay certain COVID-related business interruption claims and get reimbursed by the federal government, but ...
Reinventing Normal
If you were born just a few years ago, and started to understand the world today, then wearing a mask to go outside wouldn't seem like a very big deal. And the fact that your parents were always ...
What ‘Follow the Fortunes’ Means for COVID-19 Reinsurance Claims
How reinsurers will respond when cedents pay their insureds for COVID-related business interruptions remains an open question, legal and insurance professionals suggested recently, adding more ...
The BIG Compromise for Biz Interruption Coverage Suits Explained
Good faith coverage disputes over pandemic-related business interruption coverage don't have to be fought out in courts, and retroactive rewrites of business interruption coverage language are ...
Proposed Pandemic Re Corp. Would Treat Small, Large Biz Interruptions Differently
Another proposed public-private partnership reinsurance program is being talked about to cover pandemic-related business interruptions, the leader of a reinsurance association said on June 2. The ...
COVID-19 Court Delays May Turn the Social Inflation Tide
Defense attorney Ellen Greiper reported receiving more than the usual number of phone calls from plaintiffs attorneys earlier this month, suggesting that the call dynamics could be signaling a ...