Correction: “…investigate all business interruption claims caused by COVID-19.” should read, “…investigate all business interruption claims caused by the man-made government shutdown of businesses”. 60,000 people were killed in the USA in 2017 by the good ol’ flu. It’s not insurance companies fault somebody decided to re-brand it with the much scarier sounding coronavirus name to incite internet panic and cause the governors to overreact and put millions of people out of work.
That’s right. But political types need a Boogey Man and the oil companies don’t fit this one.
Meanwhile, Stanford research appears to hint that infection rates were much higher than we thought, and so death rates much, much lower. Death rates in the range of annual death rates of the flu.
But it does tell you the insurance industry has an image problem when they can be made out to be a Bad Guy so easily by so many politicians.
We all already know there is no coverage on 99+% of all polices which is clearly excluded 5 different ways. But I tell my clients to file a claim anyway so they can get a denial letter that might come in handy in the event our awesome government wants the US tax payers to pay even more for the shutdown.
Correction: “…investigate all business interruption claims caused by COVID-19.” should read, “…investigate all business interruption claims caused by the man-made government shutdown of businesses”. 60,000 people were killed in the USA in 2017 by the good ol’ flu. It’s not insurance companies fault somebody decided to re-brand it with the much scarier sounding coronavirus name to incite internet panic and cause the governors to overreact and put millions of people out of work.
That’s right. But political types need a Boogey Man and the oil companies don’t fit this one.
Meanwhile, Stanford research appears to hint that infection rates were much higher than we thought, and so death rates much, much lower. Death rates in the range of annual death rates of the flu.
But it does tell you the insurance industry has an image problem when they can be made out to be a Bad Guy so easily by so many politicians.
In all of 2017 – 60k from “the good ol’ flu”.
In 6 weeks of 2020 – 40k from “the scarier sounding coronavirus”.
I’ll leave the math to someone else…
We all already know there is no coverage on 99+% of all polices which is clearly excluded 5 different ways. But I tell my clients to file a claim anyway so they can get a denial letter that might come in handy in the event our awesome government wants the US tax payers to pay even more for the shutdown.