Assemblymembers Ramos & Limón: hope insurance industry will join them in assisting small business owners
SACRAMENTO—Assemblymembers Monique Limón (D-Santa Barbara) and James Ramos (D-Highland) today issued the following statement upon learning that their co-authored bill, AB 1552, to help ensure claim payments from insurers to small businesses because of disruptions to their enterprises caused by the pandemic would not be heard in the Senate Insurance Committee because of the truncated legislative schedule.
We are disappointed AB 1552 is not moving forward this year. However, we are dedicated to continuing the ongoing dialogue and to reintroducing the measure at the earliest possible time.
Year after year, small businesses consistently paid insurance premiums to guard against financial losses resulting from the interruption of their enterprises. Restaurants, gyms, gift shops, florists, and other small businesses are hurting and need additional assistance to ensure they survive through the pandemic. Unfortunately, the insurance coverage they relied on to help during emergencies has not materialized.
We will continue to look at ways to assist businesses and their employees from unexpected business interruptions. The global pandemic was unexpected for all of us. We hope the insurance industry will join us to find solutions to assist business owners during the current unprecedented times.
Assemblymember James Ramos represents the 40th Assembly district which includes Highland, Loma Linda, Mentone, Rancho Cucamonga, Redlands, and San Bernardino.
Assemblymember Monique Limón represents the 37th Assembly district which includes Santa Barbara, Ventura, Goleta, Carpinteria, Ojai, Santa Paula, Fillmore, Buellton, Solvang, Summerland, Isla Vista, Montecito and parts of Oxnard.