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Proposed Legislation Business Interruption Commercial Insurance Policies

Foley & Lardner LLP

Constitutional Challenges to Proposed Retroactive COVID-19 Coverage Legislation

Foley & Lardner LLP on

In the early days of the COVID-19 pandemic, many thousands of businesses were forcibly shuttered when governors and mayors across the country ordered cessation of most economic activity and closure of most businesses in an...more

Eversheds Sutherland (US) LLP

Pandemic Risk Reinsurance Program introduced in Congress

On May 22, 2020, US Representative Carolyn Maloney (D-NY), joined by twenty co-sponsors, introduced H.R. 7011, the Pandemic Risk Insurance Act of 2020 (PRIA). The bill would establish a federal backstop for business...more

Moore & Van Allen PLLC

Pandemic Risk Insurance Act of 2020 Introduced in Congress – A Federal Backstop for Business Interruption and Event Cancellation...

Moore & Van Allen PLLC on

After months of discussion and drafting, H.R.7011, the Pandemic Risk Insurance Act of 2020 (PRIA) was introduced by Representative Carolyn Maloney and twenty co-sponsors on May 26, 2020. If passed as currently drafted, the...more

Hinshaw & Culbertson - Insights for Insurers

Update on Proposed COVID-19 Insurance Coverage Legislation and Litigation: Are Cooler Heads Beginning to Prevail?

In the wake of government quarantine/shut down orders being executed in response to the pandemic, a flurry of bills were introduced in several states to retroactively create—by government fiat—business interruption insurance...more

Holland & Knight LLP

Proposed COVID-19-Related Business Interruption and Property Loss Insurance Legislation

Holland & Knight LLP on

Recent claims by private businesses seeking to recover coronavirus-related (COVID-19) losses under their business interruption and property insurance policies have typically been denied by their insurers based on the...more

Tucker Arensberg, P.C.

COVID-19 and Business Interruption Insurance: Are You Covered? Proposed Legislation May Help

Tucker Arensberg, P.C. on

Business owners have described the moment they read the letter from their insurance company denying them coverage for business interruptions losses as “lowest point of this [COVID-19] experience.” Business interruption...more

Hinshaw & Culbertson - Insights for Insurers

Proposed Federal Business Interruption Insurance Coverage Act

On April 14, 2020, United States Representative Mike Thompson (CA-05) introduced the Business Interruption Insurance Coverage Act of 2020 (H.R. 6494). Thompson stated the bill is intended "to ensure businesses who purchase...more

Rivkin Radler LLP

Proposed COVID-19 Bills Targeting Insurers: Do They Pass Constitutional Muster?

Rivkin Radler LLP on

COVID-19 has transformed the health and economy of our nation. Expectedly, the legislative response to this national emergency, at both the state and federal levels, has been swift and far-reaching. Some of these responses...more

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