Official Warns Insurers to Stop Using Virus as Reason to Drop Coverage

Maine's superintendent of insurance has issued a warning to property-casualty insurers to refrain from using the COVID-19 epidemic as an excuse to avoid honoring some policies. “It has come to the superintendent’s attention that some insurers have notified their policyholders that their policies will not cover COVID-19 risks,” Bureau of Insurance Superintendent Eric Cioppa said in a bulletin posted Tuesday. “This would be acceptable if the policy at issue clearly and unambiguously excludes these risks, and the insurer is merely reminding the policyholder ...