News Coronavirus watch06 May 2020

Two months of retroactive BI coverage could devastate insurers' capital

| 06 May 2020

Industry capital backing US insurers and reinsurers writing business interruption (BI) insurance could decline by as much as 50% on an after-tax basis if legislated policy changes force carriers to pay for two months of retroactive coverage on COVID-19-related BI claims, according to new analysis by AM Best.

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