As a result of COVID-19, a key issue that has developed for businesses around the country is whether a portion or all of losses may be covered by insurance. As many commercial insurance policies do not provide business interruption coverage for COVID-19 related shutdowns, legislatures across the country have drafted and introduced legislation compelling insurance companies to cover these losses. Additionally, there have been various federal legislative initiatives introduced and discussed in congress that address insurance coverage.
Members of the RIMS External Affairs Committee are hosting one-hour sessions devoted to discussing federal legislation and business interruption insurance in four regions across the country. They will explore the measures state and federal legislators and regulators are taking to address constituent coverage concerns in their areas and the potential outcomes. The webinars will discuss the Pandemic Risk Insurance Act of 2020 (PRIA), the Business interruption Insurance Coverage Act of 2020, and the Business Continuity Protection Program, among others.
*Free for RIMS members, $50 for non-members.
Kyle Van Hoeven (The Lane Construction Corporation)
For more information on this webinar, visit the RIMS External Affairs Committee event page.