Litigation

Many insurance policies have an exclusion for viruses, which will be a key hurdle before any judge.

This decision is the first known U.S. victory for policyholders suing their insurers for denied COVID-19-related claims.

A recent COVID-19 lawsuit decision might not have the impact insurers claim it will.

The lawsuit argues the NRA has diverted money away from its mission as a New York-chartered nonprofit for the personal gain of its top management.

Although the judge found that there was no 'direct physical loss' for COVID-19 closures, the decision comes with some limitations.

With TRIA and the NFIP, the insurance industry has laid the groundwork for what may evolve into a federally-backed 'pandemic insurance' program.