As the insurance industry continues to grapple with a rapidly changing landscape surrounding the coronavirus pandemic, state and federal governments are attempting to step in.
This Rogers/Gray webinar, presented by Ken Yormark, a partner with CitrinCooperman and Nick Fyntrilakis, president and CEO of the Massachusetts Association of Independent Agents, gives an overview of proposed state and federal legislation, including a discussion on the draft of the Pandemic Risk Insurance Act of 2020, a bill that would establish a federal program for insurance industry losses related to the pandemic. This proposed legislation, would provide shared public and private compensation for Business Interruption (“BI”) losses resulting from a pandemic or other outbreak.
The speakers review the steps business owners can take to be prepared for documenting losses related to COVID-19.
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