Jeffrey J. Vita
Event date
From Wednesday, May 12, 2021 to Friday, May 14, 2021
COVID’s Impact on the Insurance Industry from Premiums to Claims
Presenters: Jeffrey J. Vita, Saxe Doernberger & Vita, P.C., Paul Cicerchia, McGriff, Seibels & Williams, Alicia DePalma, Lockton Companies, LLC
Time: 3:00PM - 4:00PM
The COVID-19 pandemic has wreaked havoc on the insurance industry. All aspects have been negatively affected, from rising premiums that have contributed to the hardening market, uncertainty over underwriting the specific risks posed by COVID-19, and ultimately to the unique claims disputes that have erupted in nationwide litigation. The hospitality industry has been particularly hard hit. This panel will address each of these issues within the hospitality industry context, starting with an understanding of COVID’s impact on insurance pricing and the potential long-term effect on coverage. Next, the panel will examine COVID’s impact on certain types of coverage, including worker’s compensation, premises liability, and employment practices liability insurance, focusing on the various claims disputes that are being closely watched by policyholders and insurers alike. The program will conclude with an assessment of the future impacts on hospitality insurance highlighting best practices to maintain necessary coverages and protect your company’s assets.
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