The insurance industry appears to have beaten back state legislative efforts to force insurers retroactively to cover businesses hurt by the coronavirus pandemic.
Washington D.C. and New Jersey have kept language retroactively removing virus exclusions from business interruption policies out of Covid-19 relief packages. Efforts in several other states have also foundered while the Louisiana legislature has opted to push a disclosure bill rather than mandate coverage.
The insurance industry launched a counteroffensive against state legislatve efforts that began in March as the pandemic shut down businesses and carriers began to deny interruption claims. Insurers argued that forcing them to ...