Tag: New Jersey legislature

NJ Legislature Considering Bill to Force Insurers to Pay COVID-19 BI Claims Expressly Excluded by ISO’s “Virus” Exclusion

Microscopic view of Coronavirus, a pathogen that attacks the respiratory tract. Analysis and test, experimentation. Sars. 3d render

As economic losses from the COVID-19 pandemic continue to mount, there has been much discussion about the potential availability of insurance, especially under Business Interruption policies. In 2006, ISO adopted a mandatory exclusion for its Business Interruption policies designed to preclude coverage for virus-related losses. The New Jersey Legislature is now trying to eliminate it.… Continue reading NJ Legislature Considering Bill to Force Insurers to Pay COVID-19 BI Claims Expressly Excluded by ISO’s “Virus” Exclusion