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Nov. 11, 2020

NAIC 2020 Fall National Meeting to Include Special Session on Business Interruption

WASHINGTON (Nov. 11, 2020) – The NAIC Center for Insurance Policy and Research (CIPR) will hold a three-hour special session during the NAIC 2020 Fall National Meeting. The special session titled “Pandemic Business Interruption Federal Insurance Mechanism - Learning from the Past, Thinking About the Future” will take place Tuesday, December 8, 2020 from 10 a.m. – 1:00 p.m. Central Time. 

“Pandemic Business Interruption Insurance is a prevailing topic of interest for many in the insurance industry and its commercial consumers,” said NAIC President and South Carolina Director of Insurance, Ray Farmer. “We’ll be reviewing the various Business Interruption proposals that have been put forward in the context of lessons learned from previously established federal programs such as the National Flood Insurance Program, the Terrorism Risk Insurance Program and the Crop Insurance Program.” 

All Fall National Meeting attendees are encouraged to attend CIPR’s special session to better understand the issues around a federal mechanism for Pandemic Business Interruption.