pandemic insurance coverage News

Coronavirus Leads Companies with Supply Chain Disruptions to Invoke ‘Force Majeure’

With the coronavirus outbreak that originated in Hubei province, China, showing no signs of abating any time soon, some companies that buy and sell goods in the Chinese market are taking interest in the legal defense of “force majeure.” The …

Insurers Rush to Exclude Coronavirus Epidemic from Event-Cancellation Protection

Businesses looking to buy cancellation insurance for events around the world will not be able to get cover for the new coronavirus outbreak, industry sources said, as insurers rush to exclude the epidemic from their policies. The Shanghai Grand Prix …

Thai Insurer Offers First Coronavirus Insurance Policy

The world’s best-performing insurance firm has seized on the latest health concern to offer Thailand’s first policy to cover the novel coronavirus. TQM Corp., with partner Bangkok Insurance Pcl, this week introduced a policy that costs 299 baht ($9.62) and …

Why Year-Long Ebola Outbreak Hasn’t Triggered Payout from Pandemic Insurance

World Bank funding instruments issued to help emerging countries swiftly tackle pandemics have come under the spotlight after the latest deadly Ebola outbreak has yet to trigger a payout. Following the 2013-2016 Ebola outbreak that ravaged Sierra Leone, Guinea and …

New Marsh Coverage Protects Businesses From Pandemic Losses

Marsh has launched a new insurance product to provide financial protection to US-based businesses and their global operations affected by an infectious disease outbreak. PathogenRX, developed by Marsh in collaboration with Munich Re, and epidemic risk modeler Metabiota, is a …