Policymakers must thoughtfully position insurance industry capabilities where they can have the greatest impact. Here is a proposal.

The industry's proposal for a Business Continuity Protection Program raises risks related to compensating businesses during pandemic lockdowns.

The U.K. insurance law imposes a duty to “pay due regard to the interests” of customers and “treat them fairly.”

An uncomfortable reality is that a TRIA-style “make available” requirement would separate policyholders into the haves and the have-nots.

While many see a useful model in the Terrorism Risk Insurance Act, it is not an off-the-shelf solution for pandemic risks.