would require insurers to pay business-interruption claims related to COVID-19. But many experts are skeptical of a legislative approach to the issue. “Insurance companies will likely challenge those bills, arguing that it violates the U.S. Constitution because it rewrites insurance policies,” says Alan Lyons, chair of insurance and reinsurance at Herrick Feinstein LLP. Even advocates like Houghtaling are against bills that meddle with existing contracts.
But Steve Badger doesn’t like that idea. “You’re transferring the bailout from one industry to another,” he says. “Why not use government funds immediately to put them in the hands where they’re needed?” “I’ve seen firsthand what happens to people in an area when the insurance company denies the figurative life preserver that they’ve got,” Houghtaling says. “I’ve seen them drowned. And now it’s everybody, and we don’t have much time.”
MarkLeeDC why hasn’t DCgovt permanently cut all taxes for restaurants? ChmnMendelson councilofdc
Need hire taylormartino law firm in Mobile Al to fight insurance companies for your businessinterruption claims caused by covid19 and coronavirus.
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