Insurance
May 28, 2020
Insurers, businesses differ on plan for disruption coverage
A proposal seeking to remedy the rift between insurers and businesses over the denial of interruption coverage as a result of the shutdown would call on the federal government to reimburse insurers after they pay out policies that don’t have virus exclusions.
A proposal by plaintiffs' attorneys seeking to remedy the rift between insurers and businesses over the denial of interruption coverage as a result of the shutdown would call on the federal government to reimburse insurers after they pay out policies that don't have virus exclusions. But insurers say they don't want to be the government's aid distributor.
Under the Insurance Relief Act, proposed by businesses and their attorneys, ins...
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