Legal issues in insurance: What to know
It can be a challenge for insurance professionals to stay up to date on legal news impacting the insurance industry.
Insurance and law share an intimate relationship — and there are many ways to look at it. But there’s a single overarching practice that governs how the insurance industry operates: insurance law.
According to HG.org, insurance law can be broken into three categories: the business of insurance, the content of insurance policies, and the handling of claims, and it concerns insurance policies, insurance claims, insurance regulations, and rates, as well as recently enacted laws.
Amidst the COVID-19 pandemic, legal issues have emerged that may have severe implications for the insurance industry, depending on how legislation or courts respond. The most prominent example is, of course, business interruption. Even without the challenge of a pandemic, it can be difficult for insurance professionals to stay up to date with the lawsuits, court rulings, legislative changes, and other legal happenings that impact insurance coverages and operations.
To assist our readers, PropertyCasualty360 has collected a selection of legal-related articles in one place. Visit our Instant Insights page, “Legal Issues in Insurance,” to read up on the key and emerging issues that concern the law and insurance sectors.