Three insurance industry trade bodies – the National Association of Mutual Insurance Companies (NAMIC), the American Property Casualty Insurance Association (APCIA), and the Independent Insurance Agents & Brokers of America, Inc. (Big “I") – have today unveiled a joint proposal for a federal pandemic insurance solution.
The new industry-backed Business Continuity Protection Program (BCPP) has been tailored specifically to help businesses meet the financial challenges from future pandemics. The solution, which is aimed at customers of all sizes and structures, will provide revenue replacement assistance for payroll, employee benefits, and operating expenses following a presidential viral emergency declaration.
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.