Hollywood faces huge losses from coronavirus. Can the insurance industry bail it out?March 27, 2020 – Media Mention
Insurance Litigation Partner Jonathan Sokol provided his thoughts to Los Angeles Times regarding insurance legal disputes from COVID-19 claims.
“We are really in the early stages of all of this,” Sokol said. “The legislature is getting involved in some of these states and starting to press the insurance industry to pick up some of these claims.”
Sokol estimated that it could be a year from now before the industry can estimate the magnitude of the pandemic’s effects. “We also don’t know how much will actually be covered.”