Federal Legislative Activity on Business Interruption Insurance

    View Author May 2020

    House Democratsreleased their long awaited next phase COVID-19 stimulusproposal on Tuesday, May 12, 2020 – The HEROES Act,which they are promoting as “a bold response to thecoronavirus pandemic and the economic collapse.” Therewas much speculation in advance of its release about whether the package would include provisions addressing business interruption (BI) insurance – either retroactive coverage of BI claims from recent months, or the creation of new programs relating to future BI events. The HEROES Act does neither, nor does it include any provisions relating to BI insurance. We take a closer look at federal legislative activity on businessinterruption insurance in a new client alert.