April 03, 2020
Louisiana is considering legislation that would require insurance companies to cover business interruption losses caused by COVID-19 despite policy language that an insurance company might try to rely on to argue COVID-19 losses are not covered. The Louisiana House and Senate have each put forth bills that would require insurance coverage for the business interruption losses caused by COVID-19.
The proposed bills are set forth below.
Louisiana joins a list of states considering legislation such as that described above. These states include Massachusetts, New Jersey, New York and Ohio.
Please note this is pending legislation subject to revision. We will review and analyze the final legislation once it has been released to the public.
House Bill No. 858