Bankruptcies happen. They happen in booming economies as well as in recessionary ones, and they likely will massively occur in the frozen business environment caused by the COVID-19 pandemic.

On August 8, 2020, the president signed several executive memoranda and an order addressing the continued economic havoc of the COVID-19 pandemic, two of which are of direct interest to employers.

On April 20, 2023, the Department of Justice (DOJ) announced criminal charges against eighteen defendants for various alleged COVID-19 healthcare fraud schemes.

A qui tam False Claims Act (FCA) complaint was recently unsealed against Cerebral, a telehealth startup that provides virtual mental-health therapy, in the U.S. District Court for the Northern District...

Late last week, the California Court of Appeal issued another COVID-19 business interruption decision...

In an order dated December 15, 2020, a California federal court found in favor of an insurance broker, dismissing a professional negligence claim whereby the plaintiffs alleged that the broker failed to procure ...

A Florida federal court addressed whether COVID-19 business interruption claims could proceed under a policy's "Loss of Attraction" coverage for infectious disease...

On July 31, the seven-member Judicial Panel on Multi-District Litigation (JPML) heard oral argument of extraordinary length on the potential consolidation of all federal cases ...

On June 29, 2020, the California Legislature amended California Assembly Bill 1552 (AB 1552) to address purported insurance recovery for COVID-19 losses.

The FCA, on 19 July 2021, updated its webpage setting out its expectations of general insurance firms in the light of COVID-19 to clarify its expectations about travel insurance.

While the COVID-19 crisis has many insurtech players reconsidering their short-term needs and long-term strategies, what has not changed is the insurance industry's upward digitization trajectory.

The New York Department of Financial Services has issued FAQs which clarify various aspects of its recently issued emergency regulations regarding non-payment of premiums due to COVID-19 related financial hardship.

On March 23, 2020, the US Securities and Exchange Commission issued an order providing exemptions from various provisions of the Investment Company Act of 1940 to provide flexibility to open-end investment companies ...

Due to the volume of state insurance regulatory activity during the COVID-19 outbreak, the first section of this Legal Update now includes a topical overview that summarizes the major categories ...

Due to the volume of state insurance regulatory activity during the COVID-19 outbreak, the first section of this Legal Update now includes a topical overview that summarizes the major categories of actions taken by each state ...

Due to the volume of state insurance regulatory activity during the COVID-19 outbreak, the first section of this Legal Update now includes a topical overview that summarizes the major categories of actions taken by each state ...

The Internal Revenue Service (IRS) issued guidance to allow companies to provide greater flexibility for employees participating in Section 125 cafeteria plans to account for changes in their medical and dependent care needs arising ...

In part 3 of our blog series on reinsurance issues arising from COVID-19, we consider the implications of "reopening" the economy on reinsurance exposure.

On January 24, 2024, the New Jersey Supreme Court in AC Ocean Walk, LLC v. American Guarantee & Liability Insurance Company issued a unanimous...

Does the business harm caused by COVID-19 qualify as "direct physical loss" for insurance purposes? In Spirit Airlines, Inc. v. American Home Assurance Company, Index No. 655755/2021...