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"It’s A Problem. It’s Just Not An Insurance Problem."
September 24, 2020

Yesterday, Insurance Journal's Academy of Insurance director Patrick Wraight weighed in on the ongoing debate over business income (interruption) insurance (BI). His conclusion? Business losses caused by pandemic-related shutdowns are a problem that can't be solved by insurance. 

Wraight elaborates:

Understanding the need to protect businesses from future pandemic-related losses, the FAIR initiative has established a set of policy principles for a government-backed pandemic recovery solution. Find out more here.