BUSINESS INTERRUPTION INSURANCE: THE FUTURE OF PANDEMIC EXCLUSIONSUhls, Micaylee R.Southern Illinois University Law Journal
A Pandemic Business Interruption Insurancedoi:10.2139/ssrn.3748959We analyze how pandemic business interruption coverage can be put in place by building on capitalization mechanisms. The pandemic risk cannot be mutualized sincLouaas, AlexisPicard, PierreSocial Science Electronic Publishing...
The Financial Conduct Authority (“FCA”) has succeeded in its “leapfrog” appeal to the Supreme Court[1] in its test case seeking urgent clarity as to the requirement of insurance companies to pay policyholders for business interruption (“BI”) losses arising from the COVID-19 pandemic. Th...
Squawk Box As businesses continue to see forced closures due to the pandemic, insurance company Chubb has created a partnership with the government to provide business interruption insurance. Evan Greenberg, chairman and CEO of Chubb, joins "Squawk Box" to discuss the initiative. ...
The Opportunity to Design Real Catastrophe Insurance Is Now Why Business Interruption Risk Affects Us All Global Risks Report 2021 The 16th edition of the Global Risks Report, published by the World Economic Forum with support from Marsh McLennan, highlights the disruptive implications of major ris...
Pandemic insurance coverage has existed for a long time, but it has always been expensive and relatively rare. According to the Geneva Association, less than 1% of the estimated $4.5 trillion global pandemic-induced GDP loss for 2020 will be covered bybusiness interruption insurance. ...
From remote work to business interruption insurance, there are several things that small business owners need to consider in both the short and long terms surrounding COVID-19.— Getty Images/jacoblund TheCOVID-19 pandemicis spreading rapidly, with new updates flying in every minute. As the sit...
Chubb Chairman and CEO Evan Greenberg told CNBC the insurance industry is confronting an event like no other when it comes to the Covid-19 pandemic. "It has no time limit, and it has no geographic bounds," Greenberg said. "For business interruption, the loss is essentially infinite, and ...
- To support government-insurer discussions on how to close the protection gap for business interruption risk in the case of a pandemic, The Geneva Association has releasedPublic-Private Solutions to Pandemic Risk,outlining four possible government-l...
Business interruption insurance is closely tied to it and has emerged as one of the more pressing insurance issues as a result of the pandemic. We have seen issues like telemedicine and catastrophe response in a virtual setting, for example, also come up as a result. [That has] impacted how...