"Pandemics Are Fundamentally Uninsurable Events" (Business Insurance)

"Pandemics Are Fundamentally Uninsurable Events"

Tuesday, May 19th, 2020 Catastrophe Education & Training

To help the public understand the insurance industry’s role, the Insurance Information Institute (I.I.I.) has launched a new educational campaign — one that makes it clear that insurance should not be on the hook for the coronavirus pandemic.

The institute’s new initiative is called the Future of American Insurance & Reinsurance (FAIR) campaign. FAIR aims to “ensure fairness for all customers and safeguard the industry’s long-standing role as a pillar of economic growth and stability,” the I.I.I. said in a statement.

I.I.I.’s FAIR campaign will serve as an educational resource for the media, business community, and broader public.

In the coming weeks, FAIR will actively engage in a number of insurance and pandemic-related developments across the country.

The establishment of FAIR comes as more consumers, lawyers, legislators, and even local governments are calling for insurers to honor business interruption insurance claims.


External References & Further Reading
https://www.insurancebusinessmag.com/us/news/breaking-news/pandemics-are-fundamentally-uninsurable-events-222743.aspx
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