Insurance Information Institute: Important Statements From Triple-I on Business Interruption Litigation Filings
April 30, 2020
April 30, 2020
NEW YORK, April 30 -- The Insurance Information Institute issued the following news release:
Statement by Triple-I CEO Sean Kevelighan
Global pandemic risks are uninsurable. Given the unpredictability and unimaginable potential for worldwide losses, insurance is simply unable to cover a global pandemic. This concept is made expressly clear in standard U.S. business interruption policies, which are reviewed and supported by state insurance regulators. Commercial property . . .
Statement by Triple-I CEO Sean Kevelighan
Global pandemic risks are uninsurable. Given the unpredictability and unimaginable potential for worldwide losses, insurance is simply unable to cover a global pandemic. This concept is made expressly clear in standard U.S. business interruption policies, which are reviewed and supported by state insurance regulators. Commercial property . . .