Coverage & Policy Issues

The law in most jurisdictions, including New York, is that an insurance company's duty to help and defend its policyholder is "exceedingly broad."

Agents and brokers who continually help clients assess and mitigate risks will continue to evolve their businesses to provide quality service.

Going forward, state lawmakers must prioritize forward-looking solutions to forestall future crises before they begin.

The court found that the COVID-19 government shutdown order does not constitute a 'direct physical loss.'

Under the new law, insurers will be protected from excessive jury awards in lawsuits involving property damage or personal injury.

Here's an extreme hypothetical that demonstrates how risk bias can negatively impact policyholders — and a solution.