Rating agency AM Best in its new analysis suggests that industry capital backing reinsurers writing business interruption insurance could decline by as much as 50% if legislated policy changes force carriers to pay for two months of retroactive coverage on COVID-19-related claims. AM Best believes forcing insurers to pay for COVID-19-related business interruption claims, despite… Continue reading Proposed Legislation for Retro BI Coverage for Two Months Could Eliminate Half of Insurers’ Capital
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