States Seek to Compel Business Interruption Coverage in the Wake of COVID-19. What Does This Mean for Insurers?
At least seven states are considering legislation that would force insurers to pay business interruption claims related to COVID-19, even where policies specifically exclude coverage for losses stemming from the spread of communicable disease. Though the proposed bills vary slightly, most seek to retroactively compel coverage for losses incurred since declarations of emergency were issued … Read more
