Legislative Responses to Business Interruption Insurance and COVID-19 — Webinar

The issue of business interruption insurance coverage for losses related to the outbreak of COVID-19 has been a constant in headlines across the country. Dozens of lawsuits have been filed, and bills have been introduced in multiple state legislatures as well as Congress that would mandate coverage and would create backup funding mechanisms for insurers.

The National Council of Insurance Legislators and the Rutgers Center for Risk and Responsibility at Rutgers Law School sponsored a webinar to discuss these issues on Friday, April 24, 2020.

The webinar covered:

• Business interruption insurance coverage issues
• The legislative proposals
• The reasons for and the costs of the proposals
• State and federal constitutional issues

Speakers included:

• NJ Assemblyman Louis Greenwald – NJ Assembly Majority Leader
• Indiana Majority Leader Representative Matt Lehman – NCOIL President
• James Lynch – Chief Actuary and Senior VP of Research and Education at the Insurance Information Institute (III)
• Adam Scales – Professor of Law at Rutgers Law School and Co-Director of the Rutgers Center for Risk Responsibility