GOP senators urge Trump to protect insurers from state legislation

Seven GOP senators sent a letter to President Trump on Friday asking that he commit to protecting the insurance industry from proposals in state legislatures that would require insurance companies to retroactively cover small-business losses due to the coronavirus pandemic.

Many small-business insurance policies do not cover pandemics when it comes to losses from business interruptions.

State lawmakers in New York, New Jersey, Ohio and Massachusetts have introduced bills that would retroactively require small-business insurance policies to cover losses due to closures from the coronavirus. Continue reading.