Related insights: Insurance
COVID-19 Shutdowns, Related Litigation Put Pressure on Business Interruption Insurers
Oct 26 2020
Companies in the United States continue to file business interruption lawsuits against their insurers for claims arising from state and local government shutdown orders in response to the COVID-19 pandemic. At least 1,250 cases have been filed nationally, and these cases have been filed in both state and federal court and in every state. Our attorneys discuss how litigation related to COVID-19 shutdowns has put pressure on insurers.
The Paycheck Protection Program in Action: Questions About Loan Application Risks
Apr 10 2020
As previously described in our March 30, 2020 client alert, the Coronavirus Aid, Relief, and Economic Security (CARES) Act amends Section 7(a) of the Small Business Act to include a new guaranteed, unsecured “Paycheck Protection Program” (the “PPP”). The PPP is an expansion of the Small Business Administration (the “SBA”) Economic Injury Disaster Loan program. The PPP provides for $349 billion of funding for loans to a broader segment of small businesses than those that would otherwise be eligible to receive SBA Section 7(a) loans.
Getting Back to Work After Confirmed COVID-19: The Importance of Response Planning
Apr 09 2020
By now, every segment of our economy and industrial sector has been touched by the novel coronavirus, COVID-19. A recent supply management survey found that three out of every four U.S. businesses have experienced some form of disruption due to impacts on the shipping industry. How do we get back to work?
State Department of Insurance Statements About Business Interruption coverage
Apr 03 2020
Various State Departments of Insurance and other insurance regulators around the country have already begun issuing statements anticipating the coverage and enforcement issues that are likely to arise from the effects of COVID-19. Statements issued by the departments in WBD’s footprint are included below. Determinations about the applicability of business interruption or civil authority coverage can be very fact-intensive; if you have any questions, contact your broker or one of our insurance coverage lawyers.
On Pause – Real Property: Navigating Limitations on Evictions and Foreclosures
Mar 26 2020
Across the country, the federal government along with state and local governments and courts are taking measures to limit evictions and foreclosures. Financial institutions, servicers, and landlords facing anticipated defaults across their portfolios should stay abreast of the limitations in order to avoid heightened risks. Tenants and mortgagees likewise have contractual obligations at stake and need to understand options for recourse.
Insights
Stay informed
Get connected
