Sovereign Insurance Group

08/11/2020

Hurricane Isaias to drive $1bn+ insured & economic losses.

Economic and insured loss totals from the impact of Hurricane Isaias are each individually expected to surpass the $1 billion threshold, according to

08/04/2020

What do we do if an employee is diagnosed with COVID-19?

First, notify other employees of potential exposure, if any, in the workplace. You should tell them that someone was diagnosed with the illness, but you should not identify which employee...

08/03/2020

The Council for Christian Colleges & Universities is a higher education association of more than 180 Christian institutions around the world. Founded in 1976, the organization represents campuses across the globe, including more than 150 in the U.S. and Canada and more than 30 from an additional 18....

08/03/2020

In California, some lawmakers are pressing forward with legislation that essentially rewrites pre-COVID-19 insurance policies, in an ill-conceived attempt to mitigate the financial impact.

Businesses’ property insurance policies typically include “business interruption coverage,” which protects against the financial impact of an interruption to business caused by physical damage to the property. Viruses are not typically covered because they do not cause property damage. AB1552 ...

08/03/2020

U.S. insurers and brokers are starting to craft professional liability coverage for police officers, spurred on by signs that policymakers in some cities and states want to use a financial stick to curb police misconduct.

U.S. insurers and brokers are starting to craft professional liability coverage for police officers, spurred on by signs that policymakers in some cities and states want to use a financial stick to curb police misconduct.

07/21/2020

NY lawmakers introduced legislation that would limit the civil liability of employers and employees over possible transmission of COVID-19 “caused by an act or omission while acting in good faith” and causing death or injury.

New York lawmakers on Friday introduced legislation that would limit the civil liability of employers and employees over possible transmission of COVID-19 “caused by an act or omission while acting in good faith” and causing death or injury.

07/13/2020

More helpful content from our partners at ThinkHR...

At this time of year, many employers and benefit advisors begin preparing Form 5500, the annual report required for most employee benefit plans. Form 5500 must be filed with the...

07/13/2020

https://www.propertycasualty360.com/2020/07/07/insurer-wins-in-covid-19-case-of-first-impression-414-182680/

The landmark ruling supports what insurers have argued since the start of the pandemic: COVID-19 does not cause 'physical damage.'

07/09/2020

https://www.propertycasualty360.com/2020/06/29/the-truth-about-flood-risk-can-worsen-american-inequality/

Bad flood scores can mean less investment in low-income communities.

07/09/2020

State Judge Rejects Michigan Restaurants’ COVID-19 Business Interruption Claim

A trial court judge in Lansing, Michigan handed a victory to insurers in what may be the nation's first final ruling on the question of whether a property

07/09/2020

Chubb announces a new proposal to provide business interruption coverage in a future pandemic. A public-private partnership can address business interruption losses caused by pandemics. Learn more about the essential components of a successful program:

A public–private partnership program can provide financial support and address business interruption losses caused by pandemics, while recognizing the differing needs of small and large businesses.

07/09/2020

https://www.propertycasualty360.com/2020/06/26/navigating-the-microbe-and-pollution-exclusions-insurance-recovery-during-the-covid-19-pandemic-414-181957/?slreturn=20200609114315

Industry experts analyze the applicability of microbe and pollution exclusions in the wake of the COVID-19 pandemic.