"APCIA strongly opposes the
"Business interruption policies do not typically cover losses related to viruses, but rather require that physical damage must have occurred in order to trigger coverage for such losses.
"APCIA estimates that closure losses just for the D.C. small businesses with fewer than 250 employees targeted by this legislation could range from
"Insurers stand by our policyholder contracts. We have always and will continue to pay the home, auto, and business claims that are covered by these contracts. Insurance solvency is at risk if insurers are forced to pay claims not covered by current contracts.
"Insurers understand the urgency of helping businesses and individuals recover. Only the federal government can be the bridge for a crisis of this proportion. The property casualty industry supports federal assistance programs that are delivering aid directly to vulnerable business communities, particularly affected small businesses.
"Insurers also joined a broad business trade coalition calling for the COVID-19 Business and
"In addition, insurers understand the urgency of helping businesses and individuals recover from this unprecedented crisis and preventing a larger shut down of the economy. Insurers have provided more than
"Our industry stands ready to work with the