A business in Los Angeles that was forced to close because of the pandemic. (Photo: Lando Aviles, via Shutterstock)
With no compromise in sight, at appears the debate over business interruption insurance coverage will be solved by litigation, not legislation. At issue are thousands of businesses around California with insurance policies to protect them against a sudden catastrophic event that forces them to close down for an extended period of time.
California’s TV and film tax incentive appears as popular as ever, despite a rash of negative news coverage of an FBI undercover sting of a state senator in which an industry tax break figured as a lure. “The FBI could have picked any topic from any industry to mount a sting,” Assemblymember Raul Bocanegra, D-Los Angeles, said recently at the Hollywood Chamber of Commerce’s 2nd Annual State of the Industry Conference.(Photo: Stan Rudich)