After the likely spike in insurance claims arising from the COVID-19 pandemic, insurers are likely to introduce new or change existing exclusionary clauses which were not previously considered to be necessary.
The rapid spread and potential damage of the Coronavirus presents an extraordinary situation for governments, businesses and individuals. The Coronavirus is twice as contagious as ordinary flu, but mortality associated with the virus is 20 times higher. The last comparable event was about 100 years ago, when the Spanish flu epidemic occurred just after World War I.
Click here for the full article and discussion on insurance policies that are most likely to experience claims as a result of events arising from the Coronavirus outbreak.
