Legislators in many states have introduced measures that would require insurers to pay claims on business interruption losses attributed to the COVID-19 pandemic. If successful, such legislation could override the ability of insurance carriers to rely on policy exclusions which would normally preclude payment on business interruption claims. For additional information, please see each state’s legislation linked below:
To date, these measures have not yet been passed by each state’s respective legislature. Frost Brown Todd will continue to monitor and update you on these developments and other insurance-related information associated with the COVID-19 pandemic.