Non-Concurrency Between Ceding Companies And Their Reinsurers For Communicable Disease Exclusions: The Next COVID-19 Shoe To Drop
By: Justin K. Fortescue
Mealey's(R) Emerging Insurance Disputes
9.3.20
As COVID-19 continues to change our everyday way of life, its impact on the insurance/reinsurance industry also continues to develop. The reinsurance renewal process that many insurance companies recently went through exposes yet another impending issue the insurance industry will need to confront - non-concurrency between the coverage afforded by newly issued insurance policies and the reinsurance contracts protecting them.
Justin Fortescue continues to discuss the issue of non-concurrency in his article for Mealey's Emerging Insurance Disputes, available to read here.
This correspondence should not be construed as legal advice or legal opinion on any specific facts or circumstances. The contents are intended for general informational purposes only and you are urged to consult a lawyer concerning your own situation and legal questions.