The COVID-19 global pandemic
has brought unprecedented strains to the U.S. economy.
In response, the insurance industry has stepped in,
offering payment relief,
premium rebates,
policy extensions,
and donating hundreds of millions of dollars
toward COVID-19 relief.
The widespread financial distress has led trial lawyers
to demand insurers cover uninsured pandemic-related losses.
But retroactively changing contracts to cover uninsured claims
would threaten the solvency of the insurance industry.
Attempts to manipulate language
in unwarranted litigation
only distracts consumers
and potentially hinders insurers’ ability
to cover the costs of tornadoes, hurricanes, wildfires,
and other covered catastrophes with physical damage
- the moments when communities rely on insurers
to help them rebuild
Insurers are keeping their promises to Main Street,
applying forward-thinking solutions
for our customers, communities, and employees.
Today and everyday:
that's the Future of American Insurance and Reinsurance.
