Lawmakers in Massachusetts and Ohio introduced bills this week to rewrite existing insurance policies to cover businesses’ economic losses arising from Covid-19 work stoppages. The proposed language in both measures mirrors a New Jersey bill that was introduced last week but tabled after insurance company representatives raised objections to its legality and constitutionality.
Showing posts with label New Jersey. Show all posts
Showing posts with label New Jersey. Show all posts
Thursday, March 26, 2020
Wednesday, March 18, 2020
State Bill for Coronavirus BI Coverage Recalls Prior Sandy Efforts
The coronavirus (COVID-19) public health emergency will certainly produce significant financial losses across the economy as businesses shut their doors for prolonged periods to avoid infections and exposures. In response, some state legislatures and regulators have begun exploring options to reduce the financial losses to businesses by attempting to allocate certain uncovered business interruption losses to property insurance carriers.
Subscribe to:
Posts (Atom)