On March 11, 2020, the World Health Organization declared COVID-19 a pandemic. In the subsequent two years, U.S. businesses filed well over 2,000 lawsuits in state and federal courts seeking Business Interruption (BI) insurance coverage for closures associated with the pandemic. Notwithstanding...

The COVID-19 pandemic created not only a public health crisis but also an insurance coverage imbroglio, prompting near-immediate business interruption claims by policyholders impacted by government restrictions ordered in response to the pandemic. Insurers and their representatives...

This article explores the impact of the COVID-19 pandemic on the insurance industry and analyzes whether most Canadian businesses are insured for business interruptions and losses caused by the pandemic. The author suggests that pandemic-related losses are insurable. Insurers have had sufficient...

As the coronavirus (COVID-19) pandemic spreads around the world, the health crisis and subsequent restrictions imposed to tackle the crisis are significantly disrupting travel, business operations and supply chains. Individuals and businesses face important costs and losses prompting questions...

Introduction -- Overview of Proposed Programs -- Modeling Approach and Base-Case Parameters -- Projected Program Performance in the Base Case -- Sensitivity of Projections to Changes in Parameter Values -- Conclusion -- Appendix A: Overview of Business Interruption Policies -- Appendix B:...

The outbreak of corona virus (COVID-19) pandemic has no doubt, occasioned an unprecedented global human and economic crisis. The resultant lockdown and abrupt shutdown of major economic activities in the world have apparently given rise to several business disruptions and economic losses across...