Webinar | Claims in the EU and the U.S. for Loss of Profit Grounded on the Pandemic

Join our discussion, our panelists will examine the European and US jurisprudence as regards insurance coverage of the loss of profits claims grounded on the confinement and other restrictions across the pandemic. Jurisprudence pro and against the insurers, lecturer’s debate, key points on the discussion will be carefully analyzed and used to forecast what can be expected in Europe by comparison to the US.

AGENDA:
I. Introduction/setting the stage:
● Loss of Profit in P&C insurance before the pandemic
● Key issues from the “old” times

II. First reactions/first claims after the Great Lockdown
● How the governments/administrations have dealt with these claims at the beginning?
● How the public insurers (if any) reacted?
● First legal actions and the market reactions
● Market developments in the early stage

III. How Loss of Profit is commonly regulated in insurance contracts
(Country-by-country cases – Spain, Ireland, U.S.)
● The difference between retail and great risks, multi-risks and loss of profit autonomous covers
● What the loss of profit really covers in the vast majority of cases
● Unfair limitations on the coverage vs. legal delimitations of the coverage
● The “I cover what I cover” and the “you cover what you don’t exclude” dangerous debate

IV. The Insurance brokers’ perspective

SPEAKERS:
● Joaquín Ruiz-Echauri, Partner, PÉREZ-LLORCA
● Sean McCormick, Partner, THOMPSON HINE
● Catherine Derrig, Partner, MCCANN FITZGERALD
● John Lavelle, Director, BPL GLOBAL

TIME:
10:00 – 11:00 AM EDT | 16:00h – 17:00h CET

REGISTRATION FEE:
EACCNY and EACC Texas Members: Free
Non-Members: Free

REGISTER HERE