There are nearly 400 disputes in the courts about whether loss of business income because of the novel coronavirus is covered by the business income, extra expense and civil authority coverage grants found in many commercial property insurance policies. Other disputes exist or will arise over different insurance coverage issues stemming from COVID-19. Additionally, as losses are paid, reinsurance disputes likely will arise. Considering all of this, I wrote a short article for the ARIAS•U.S. Quarterly suggesting that arbitration can and should play a key role in resolving COVID-19 insurance and reinsurance disputes. You can find that article here in the Q2 issue on the ARIAS website and in your mailbox if you are an ARIAS member. If you subscribe to Harris Martin Publishing’s COVID-19 Litigation Report or Reinsurance & Arbitration Report, you will find the article re-published in both those publications on June 5, 2020.
Harris Martin described the article this way:
In this article, Larry P. Schiffer of Squire Patton & Boggs (US) discusses the advantages to using arbitration to resolve COVID-19 coverage disputes, noting that ARIAS arbitrators “have extensive insurance industry experience and understand how coverages like business income and extra expense with civil authority work and what those are meant to cover.”
I hope you enjoy the article.