Way forward for American Insurance coverage and Reinsurance (FAIR) has launched a new interactive tool to assist showcase the necessity for a federal resolution to pandemic reduction. The Enterprise Interruption Insurance coverage “explainer” makes use of digital storytelling methods to assist make clear details about this complicated matter.
The digital explainer enhances the FAIR marketing campaign’s different recently-released digital belongings, together with a video overview of BI and pandemics, and a primer deck that gives quantitative backing to the assertion that pandemics can’t be privately insured.
As trial attorneys try and retroactively pressure uninsurable pandemic protection in enterprise interruption insurance coverage contracts, this software is designed to present what enterprise interruption insurance coverage covers, how surplus helps pay for lined perils equivalent to hurricanes and wildfires, how insurers have stepped as much as assist policyholders, and the necessity for a federal resolution to the pandemic.
FAIR is an initiative of the Insurance coverage Info Institute and its member firms whose mission is to make sure equity for all clients and safeguard the trade’s longstanding function as a pillar of financial progress and stability.