Insurance 2021 - the year ahead
US insurance regulatory responses to climate change will accelerate in 2021
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On December 8, 2020 at the National Association of Insurance Commissioners (NAIC) Fall National Meeting, the Center for Insurance Policy and Research (CIPR) held a special session to discuss a potential pandemic business interruption federal insurance mechanism.
Set forth below are highlights from the session.
The likelihood that a potential pandemic business interruption federal insurance mechanism will be adopted has ebbed and flowed over the course of this year, and it remains to be seen what, if anything, will ultimately be put in place.
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