DATE: Monday, February 15, 2021
TIME: 2:30 PM - 3:30 PM
ORGANIZER: RIMS Minnesota Chapter
Our nation's move toward a more virtual existence is reverberating through the insurance world. Risks once set in "brick and mortar" are being re-visited in new and different ways. The covonavirus pandemic is the most obvious example, creating a furor over questions like what is a "direct physical loss." But similar questions have been creeping onto the horizon in recent years. They include whether electronic data is "tangible property" and whether the loss of electronic data is a "physical loss" if the physical equipment on which the destroyed or hacked data was stored is un-harmed. They also include what, in the insurance world, is the correct treatment of crypto-currencies?
Other lifestyle changes also raise novel insurance issues -- e.g., ride-sharing (Uber/Lyft) and home-sharing (VRBO, AirBnB). When can a weather-related loss be excluded under the auspices of uninsurable climate change? What about coverage for civil unrest losses? These questions, and others, will be explored during this seminar by William G. Passannante, a nationally known insurance litigator who has spent more than 30 years pursuing insurance recoveries on behalf of policyholders and Bruce Strong, whose practice concentrates in insurance recovery, exclusively on behalf of policyholders, and in corporate and commercial litigation. Please don't miss the chance to attend, and to bring along questions of your own!