Imposing New, Retroactive Risk On Insurers Would Threaten Solvency, Amicus Argues

Mealey's (July 26, 2021, 12:38 PM EDT) -- ATLANTA — American Property Casualty Insurance Association on July 21 filed an amicus curiae brief in support of Certain Underwriters at Lloyd’s London in a coronavirus coverage suit, arguing to the 11th Circuit U.S. Court of Appeals that commercial property insurance policies “do not—and were never intended to—provide coverage for economic losses untethered to physical loss or physical damage.”...