April 30, 2020

Question A

Business interruption insurance covering pandemic risks can be efficiently supplied by the private market.
Graph showing responses to Question A
Graph showing responses to Question A weighted by expert's confidence

Question B

Only the federal government can provide business interruption insurance for pandemic risks.
Graph showing responses to Question B
Graph showing responses to Question B weighted by expert's confidence

Question C

Private-market business interruption insurance could cover pandemic risks if there were an effective federal partnership. (For example, under the Terrorism Risk Insurance Program the private market is the primary insurer but the federal government provides reinsurance protection.)
Graph showing responses to Question C
Graph showing responses to Question C weighted by expert's confidence

Question D

Many states, and the federal government, are proposing legislation to require business interruption insurers to cover claims stemming from Covid-19 related shutdowns, even if the insurance policies exclude pandemic-related losses. Without government assistance, the resulting business interruption losses will likely exceed the total policyholder surplus (equity capital) of these business interruption insurers.
Graph showing responses to Question D
Graph showing responses to Question D weighted by expert's confidence

Question E

Opening special enrollment periods for health insurance marketplaces during the Covid-19 pandemic is not a necessary policy because there are sufficient existing special enrollment rules (e.g., loss of employer-based coverage) and Medicaid access that provide health insurance access to those who need it.
Graph showing responses to Question E
Graph showing responses to Question E weighted by expert's confidence

Question F

Legislation should require that during the pandemic state of emergency, essential workers who contract Covid-19 be allowed to file for workers' compensation even if they cannot prove that they contracted the disease during their work duties.
Graph showing responses to Question F
Graph showing responses to Question F weighted by expert's confidence