In an effort to help struggling businesses deal with the fall-out from the COVID-19 pandemic, legislatures in Florida, Illinois, Maine and Rhode Island have recently proposed legislation to require insurance carriers to cover COVID-19 related business interruption claims. Traditionally, business interruption policies require that a business suffer some sort of physical loss or damage before the carrier will pay-out on a business interruption claim.
Read More Various States Seek to Mandate Insurers Cover COVID-19 Related Business Interruption Claims
State Legislatures Seek to Protect Insureds from COVID-19 Business Interruption
Legislatures in New York, Oregon, Pennsylvania, Rhode Island and Washington have all proposed legislation seeking to curb COVID-19’s impact on businesses in their state. Each state’s proposed legislation essentially prohibits insurers from denying business interruption claims arising from COVID-19 related losses.
Read More State Legislatures Seek to Protect Insureds from COVID-19 Business Interruption
Insurance Agent for Northwestern Mutual Found to be Independent Contractor, Not Employee
In a very favorable ruling for insurance companies, a federal district court on May 6 held that Northwestern Mutual Life Insurance Company had not misclassified as an independent contractor (IC) a life insurance agent who alleged that he was an “employee” under the New Jersey Wage Payment Law.
Read More Insurance Agent for Northwestern Mutual Found to be Independent Contractor, Not Employee
Independent Contractor Misclassification: Class Action Lawyers Now Targeting the Insurance Industry
Independent insurance sales agents have been treated as independent contractors (ICs) for decades. But recently, class action lawyers have begun to target insurance companies with claims that carriers have misclassified these sales agents as ICs instead of employees. These lawsuits allege that insurance companies have violated wage and hour, employee
Read More Independent Contractor Misclassification: Class Action Lawyers Now Targeting the Insurance Industry