Michigan drivers are getting a break on auto insurance due to "extreme reductions in driving" during the coronavirus pandemic, state officials announced Monday, June 1.

Insurance companies would go broke paying all the business-interruption and workers’ compensation claims they could face because of coronavirus and the resulting shutdowns, according to A.M. Best, the insurance ratings agency.

Are you an "essential worker?" Am I? Does the contribution you make to the economy and society in general through the course of your work make any difference? Are we essential, or not? Doesn’t every position hold some value to the greater good?

The Senate voted 29-8 Monday to pass a bill that could lower auto insurance rates by limiting damage suits by people injured in car wrecks. The bill by Sen. Kirk Talbot, R-River Ridge, would change aspects of Louisiana’s tort laws that Republican lawmakers and business lobbyists say make it too easy to file lawsuits after car accidents.

Randy and Amanda Rucker opened River Twice, their modern American BYO on Passyunk Avenue, seven months ago, hoping that his culinary talent and her business acumen would establish the restaurant as a fixture on one of Philadelphia’s most competitive restaurant corridors.

The ability to micro-census - that is, to gather granular data about individual homes and businesses and use it to inform underwriting - will lead to the biggest changes in flood insurance since the launch of the National Flood Insurance Program (NFIP) in 1968.

Small businesses trying to get their state legislatures to force insurance companies to cover coronavirus losses are coming up against an opponent many might not have expected: the U.S. Chamber of Commerce.

Currently, there is a movement by some industry personnel and legislators to expand the Terrorism Risk Insurance Act (TRIA) to include pandemics. There is a discussion draft of a bill, and a summary of that bill here. So, is a federal backstop program that is part of, or similar to, TRIA feasible or advisable?

Eight states (Louisiana, Massachusetts, Michigan, New Jersey, New York, Ohio, Pennsylvania, and South Carolina) have introduced legislation that would require specified business interruption policies to cover claims for small businesses based on coronavirus for the duration of the public health emergency, even in the face of a specific virus exclusion.

Gov. Mike Parson is signaling his support for a proposal that could shield nursing homes and long-term care facilities from lawsuits linked to the coronavirus response. Under legislation awaiting debate in the Missouri House, health care providers who treat people with COVID-19 would not be liable for civil damages if something were to go wrong.

As the COVID-19 pandemic continues to unfold and wreak unprecedented havoc on global economies, the idea of a federal pandemic risk insurance program in the US has been put forward, with several sectors voicing their approval.

During this time of crisis, officials in the banking and insurance industries are working hard to figure out the best ways to help companies find additional resources.

Another week brings another round of COVID-19-related lawsuits. We are identifying some early trends and provide a synopsis of the more relevant lawsuits below.

The New York Workers’ Compensation Alliance is calling on the state government to guarantee that workers’ compensation will include COVID-19 workplace exposure for all workers.

The U.S. Chamber of Commerce and conservative groups are lobbying lawmakers to give companies legal immunity if front-line workers believe they got sick on the job, or if families say their loved one died after catching COVID-19 at work.