ABSTRACT

Business Interruption Insurance and COVID-19 [Updated December 21, 2021]   [open pdf - 623KB]

From the Document: "The economic disruption from the Coronavirus Disease 2019 (COVID-19) pandemic has provoked debate among insurers, policyholders, and other stakeholders about who is responsible for these losses. The loss of income from mandatory or voluntary closures, supply chain disruptions, and reduced demand due to social distancing measures has induced businesses of all sizes to seek compensation from insurers. The focus of the policy debate has been on commercial insurance that covered income losses from business interruption (BI) and similar insurance that covered losses from event cancellation. Such concerns may be revived as businesses consider closures due to the Omicron variant."

Report Number:
CRS Insight, IN11295
Author:
Publisher:
Date:
2021-12-21
Series:
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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