X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Photo: Shutterstock.com

In just the past five years, representations and warranties (R&W) insurance has evolved from a niche product into a market that covers tens of billions of dollars in risk. This dramatic increase in policies written has predictably led to a corresponding increase in the number of claims—a number that is sure to grow even more with the global disruption caused by COVID-19. This article discusses key issues that are likely to arise in numerous claims on R&W policies in our post-COVID world, and provides some practical suggestions for both insurers and policyholders to resolve them efficiently and according to policy terms.

The R&W Insurance Market

R&W insurance provides coverage for losses caused by breaches of representations and warranties made by a seller in a corporate merger or acquisition. R&W insurance replaces in part—and increasingly in whole—the indemnifications, escrows, and other protections traditionally provided by a seller to the buyer as part of the transaction.

Want to continue reading?
Become a Free ALM Digital Reader.

Benefits of a Digital Membership:

  • Free access to 1 article* every 30 days
  • Access to the entire ALM network of websites
  • Unlimited access to the ALM suite of newsletters
  • Build custom alerts on any search topic of your choosing
  • Search by a wide range of topics

*May exclude premium content
Already have an account?

Law Firms Mentioned

 

America's Claims Executive Virtual Leadership Forum & Expo 2021Event

ACE Virtual Leadership Forum & Expo is the annual conference for Senior Claims Executives in Insurance organizations.

Get More Information
 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.