Insurance Recovery, Litigation & Counseling chair Sheri Pastor and her colleague Jennifer Strutt are quoted in an Insurance Journal report discussing the coronavirus’ impact on the insurance industry and the many questions a global pandemic raises for policyholders in relation to multiple policy types. Both cautioned that carriers may seek to revise or inserting new exclusions on renewals to reduce losses associated with outbreak. Sheri notes that “The devil is in the details when it comes to insurance contracts.” Jennifer suggested that policyholder should carefully consider any coverage grants that are being non-renewed.
2.20.2020