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The Problems With Insurance for COVID-19 Victims and How To Fix Them

The country needs a workable and economically feasible solution that honors contracts and serves both customers and insurers.

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A little-known or remembered fact about the aftermath of the 9/11 terror attacks is that insurance dollars were the first recovery funds to hit the streets in the days following that tragic event. Federal and state funds were weeks in coming and the economy got its first bit of shoring up from business and homeowners (including renters) insurance policies. The insurance industry, in turn, was to be protected from such future events with the passage of the Terrorism Risk Insurance Act (TRIA).

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