There has been a universal concern about the lack of clarity regarding the meaning of certain BI policy wording, the outcome of these claims, and how the insurance industry is making decisions in relation to them. This uncertainty has resulted in some regulators stepping in to resolve the cont...
Finally, anticipate some insurance companies will accept that there is a business loss, but that the business cannot prove the loss is caused by COVID-19. This argument will center on whether the business affected can prove that COVID-19 was actually present at the property or at nearby ...
insurancepandemiccovid-19business interruptioncontractThis article explores the impact of the COVID-19 pandemic on the insurance industry and analyzes whether most Canadian businesses are insured for business interSocial Science Electronic Publishing
Clyde & Co is a global law firm advising companies, governments and international organisations in every aspect of COVID-19. We are committed to helping businesses worldwide prepare for the pandemic's effects on their daily operations.
Finally, it launched a global initiative with participation from 35 global research institutions, startups, and businesses to accelerate COVID-19 diagnostics, research, and testing. The change in insurance firm AXA’s business profile due to the pandemic has been notable. The company started ...
During the current COVID-19 Coronavirus pandemic, businesses across the globe are suffering financial losses. Not all business interruption insurance policies will exclude coverage for the losses that are related to the coronavirus outbreak. Your policy may offer provisions for viral and bacterial outbr...
Business interruption insuranceoffers businesses protection against financial loss when they are unable to operate. In the past year, the COVID-19 outbreak has raised questions about whether that coverage includes pandemic-related losses. The short answer is, it depends on the terms of the policy ...
The COVID-19 Pandemic and Insurance Coverage for Business Interruption in Canada Queen's Law JournalKnutsen, Erik S.
of the uncertain events insured. However, the events which have taken place in the past few months are clear indications that perhaps a number of insurance companies were not prepared for the uncertainties and adverse effects a pandemic, such as COVID-19, would have on their business operations...
Insurance companies have so far paid Sh108.2 million on Covid-19 death claims since the disease was reported in Kenya mid-March. According to the Insurance Regulatory Authority (IRA), the total claims have hit Sh109.6 million, including Sh1.45 million paid for general hea...