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While the legislation is unlikely to pass in the Senate, political strategists say a toned-down bill will get done.
The proposed COVID-19 business interruption bills have arguably been the most controversial topic surrounding the pandemic.
COVID-19 claims are on a par with some of the most catastrophic events of recent years and could rise further if the virus isn't contained, says Lloyd's.
Coverage Q&A: The insured's business policy containing virus coverage also has an extension for civil authority.
As insurers evaluate the costs associated with business interruption claims, the insured's documentation will play a vital role.
The Recovery Fund is modeled after the September 11th Victim Compensation Fund operated by the federal government.
Here are the key legislative developments from around the U.S., including the most bills responding to COVID-19.
The bill includes $320 billion for the Paycheck Protection Program, which ran out of money last week.
Perceived unfairness over coverage for struggling businesses may rationalize revenge scamming of all insurers.
What is PRIA, and how may it help mitigate the damages caused by the coronavirus pandemic?