US insurers in Covid-19 coverage crisis

24 March 2020

Published in: Risk, Risk management, Conduct risk, Regulation, US - Canada - Bermuda, USA focus

Companies: National Association of Insurance Commissioners, NAIC, American Property Casualty Insurance Association, APCIA, American Council of Life Insurers, ACLI, Insurance Information Institute, III, AM Best

Insurers are being asked critical questions about their role in protecting consumers from the coronavirus pandemic. Despite calls from on high, the industry says it will not cover business-interruption and workers compensation losses. As the crisis deepens, industry bodies say such demands could threaten the stability of the sector. Sarfraz Thind reports