On June 5, 2020, the New York State Department of Financial Services (DFS) issued an emergency regulation aimed at assisting insureds who sustained damages from the looting and vandalism that has taken place throughout the...more
The economic realities brought on by the COVID-19 pandemic have forced our government at both the federal and state level to take unprecedented action. And, despite congressional passage of the Coronavirus Aid, Relief, and...more
4/2/2020
/ Business Closures ,
Business Interruption ,
Contracts Clause ,
Coronavirus/COVID-19 ,
Financial Distress ,
Infectious Diseases ,
Insurance Claims ,
Insurance Industry ,
Interference Claims ,
NYDFS ,
Property Damage ,
Property Insurance ,
Proposed Legislation ,
Relief Measures ,
State Legislatures ,
State of Emergency
As the country continues to absorb the shock of the COVID-19 pandemic, commercial property insurers are already experiencing an influx of claims, mostly for business interruption....more