RiskGenius Press

Cities and counties across the country may have handed plaintiff’s attorneys an argument to use in lawsuits against insurers that seek business-interruption coverage for losses caused by coronavirus closure orders.

We call it emerging risk analysis, where you can look at all the insurance policies in a portfolio, find out which ones fall into which buckets and then triage around those.

It could easily take six to 12 months to understand if the language around business interruption, pollution, contamination, and a myriad other clauses creates inadvertent COVID coverage.

It could easily take six to 12 months to understand if the language around business interruption, pollution, contamination, and a myriad other clauses creates inadvertent COVID coverage.

It could easily take six to 12 months to understand if the language around business interruption, pollution, contamination, and a myriad other clauses creates inadvertent COVID coverage.

RiskGenius has also completed COVID coverage analysis for two top-50 carriers already.

Silence may be deadly for property/casualty insurers writing commercial insurance, an executive of an InsurTech that specializes in analyzing insurance policy language suggested recently, explaining that without specific words addressing pandemic risks, insurers might face claims down the road.

A bipartisan group of U.S. House members has asked insurers to retroactively recognize financial losses relating to COVID-19 under commercial business interruption coverage for policyholders.

Chris Cheatham, CEO of RiskGenius and based in Overland Park, Missouri, said that public policy may also play a role in how claims play out.

“Don’t just focus on property policies; your casualty policies matter, too,” Mr. Cheatham said.