In July, Tracey Sharis, who manages health care, higher education and financial institution businesses for Lexington Insurance, a Boston-based specialty insurance unit of Chartis, provided some details of Pandemic Rx–one of the coverage innovations launched by Lexington in July 2008.
Pandemic Rx, she explained, is a business interruption endorsement to commercial property policies for acute care medical facilities that reimburses lost income and extra expense incurred during a flu pandemic.
During a July 2009 interview, Ms. Sharis said Pandemic Rx is “adjusted no differently than a regular old business interruption” policy, providing for up to six months of income loss during a pandemic flu event, but that an actual interruption in business activity is not required to trigger coverage.
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