The legal action over business interruption insurance stemming from the new coronavirus is shaping up to be a huge struggle. Two motions filed on April 20 asked the Judicial Panel on Multidistrict Litigation to consolidate federal lawsuits accusing insurance companies…

Captive insurance, a self-insured structure that covers unlikely risks, is proving to be beneficial as coronavirus pandemic impacts spread across the economy, according to reports. Some of the more common captive insurance coverage options, such as business interruption or supply chain disruption,…

The fight over business-interruption insurance from coronavirus claims is intensifying in both statehouses and the courts. Legislators in Massachusetts, New Jersey, and Ohio have proposed bills that would compel insurers to pay for specific COVID-19 business-interruption claims. The proposed law…

The ability to telecommute was once seen as a perk, but as the U.S. tries to stop the spread of a novel coronavirus, COVID-19, it’s become a necessity that is creating new risks for companies. Cyber Risks Telecommuters may be…

By Lauren Weber Rural hospitals may not be able to keep their doors open as the coronavirus pandemic saps their cash, their CEOs warn, just as communities most need them. As the coronavirus sweeps across the United States, all hospitals…

The coronavirus is disrupting events, airlines, and more—and insurance likely won’t be much help for the interruptions. Standard business-interruption policies, which pay cash to make up for lost revenue when a business has to halt operations unexpectedly, exclude epidemics and…

With loss costs mounting, insurers will continue to increase prices to cover new risk exposures for directors and officers liability (D&O insurance), according to a recent AM Best report. Insurers have been speaking out about increased claims due to more lawsuits…

Once riddled with typos written by non-native English speakers, email scams were once awkward cash grabs, but that is no longer the case, federal officials say. Email scams have become sophisticated frauds costing individuals and American businesses billions of dollars…

Scammers are using the coronavirus outbreak as a means of conducting phishing attacks to spread a different kind of virus — malware. Criminals often use current events to make their scams more timely. Cybersecurity companies have identified several malicious campaigns looking to…

CEOs worried about cyberattacks are altering their digital behavior, including deleting social media accounts, according to a new report on views from the boardroom. Cyberattacks have become the most feared threat for large organizations, according to the annual CEO survey from professional…