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The Impact of COVID-19 on Statutes of Limitations
One of the jarring results of the COVID-19 pandemic has been disruption to the rhythm of our daily lives. Routines, regular activities and traditions have all changed as the result of imposed restrictions, personal safety choices and a mixture of both. In the insurance industry, actuaries and other professionals who rely on patterns such as claim reporting lags and loss development factors are now working to understand how emergency declarations, temporary court closures and changes in insured behavior have impacted these patterns. In this blog, I’ll highlight specifically how changes to statutes of limitations because of the COVID-19 pandemic may affect reporting of medical professional liability claims.
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