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
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. ...
John G. Koch, a member of Flaster Greenberg's insurance recovery, litigation and environmental practice groups, told Law360 that smaller businesses went first into the business interruption fray because law firms were willing to take the cases on contingency. "They had to do something, 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...
Insurance has been historically slow to embrace new processes and technologies, particularly as the industry’s expertise is in considering and addressing risk. The pandemic forced many insurers to balance their natural caution against a pressing need to keep their businesses operating despite a signific...
"So, the insurance industry's ability to take pandemic risk is very limited," he added. The Covid-19 crisis has highlighted how property and casualty insurance companies typically do not cover pandemics. However, as the crisis has forced the closure of a record number of businesses, with ...
Businesses have taken a hit during the pandemic, but withsmall business loansit is possible for a business to recover from the impacts of COVID-19 even without federal relief. Many small businesses had to shut for weeks or months. If your business was not deemed essential, you likely had ...
Business interruption insurance may be an option for you if you have significant business losses as a result of shutting down from the pandemic. “Ask your insurance broker about business interruption insurance to cover unexpected major events and see what qualifies for coverage. It may not cover ...
coverage they need to reduce economic uncertainty and build a stable path to recovery,” said Tori Barnes, U.S. Travel’s executive vice president of public affairs and policy. “The sooner we stabilize the market for pandemic risk insurance, the sooner travel businesses can get back to ...
Pandemic to boost demand for trade credit insurance Back Back The pandemic is further increasing uncertainty and protectionism in global trade which is set to boost demand for trade credit insurance. While some insurers are themselves impacted by the crisis, a diverse set of solutions exists for co...