Business Interruption group News

Chubb Unveils Public-Private Program for Pandemic Business Interruption

Chubb unveiled a proposal for the insurance industry and federal government to partner on covering future pandemic-related business interruptions—and to get money to small businesses quickly—following through on an earlier promise from CEO Evan Greenberg. Documents shared with Carrier Management …

Coronavirus Business Interruption Claimants Lay Out Federal Plan to Reimburse Insurers

A U.S. lawmaker has introduced a bill that would allow insurers to voluntarily pay certain COVID-related business interruption claims and get reimbursed by the federal government, but insurance groups have rejected the idea. Although the text of H.R. 7412, the …

Times Square to Go Dark to Shine Light on Fight Over Business Interruption Insurance

The digital billboards in New York City’s famous Times Square will go dark tonight at 9 pm ET for one minute to dramatize the plight of restaurants, non-profits and retailers across the country that are suffering business losses due to …