

The Gorilla in the Closet: Insurers Take a Superficial View of Covid-19 Science
COVID-19 is the type of all-encompassing loss event that upends the risk calculations on which insurers build their businesses.

POWER OUTAGE Property Insurance Coverage
Typically, “property damage” coverage includes “physical loss or damage to covered property” referenced in the policy’s Declarations section. “Property damage” must result from any Covered Cause of Loss, such as a fire or windstorm, typically included as one of the policy’s “named perils.” But, such coverage includes not only direct loss but loss of use and functionality of the covered property.