This Week in Property & Casualty
March 30, 2020
U.S. P&C insurers face 'limited exposures' from coronavirus
The current technology used in the healthcare system cannot support against counterfeit drugs. The goal of using Blockchain in the healthcare system is to identify legitimate suppliers of pharmaceutical drugs.
Insurers knew the damage a viral pandemic could wreak on businesses. So they excluded coverage.
Most companies will probably find it difficult to get an insurance payout because of policy changes made after the 2002-2003 SARS outbreak, according to insurance experts and regulators.
Proposed N.J. Bill Would Require Insurers to Pay COVID-19 Business Interruption Claims
A proposed New Jersey bill, aims to create business interruption insurance coverage for COVID-19 related claims despite virus exclusions in many policies. This proposed legislation has set off a conflict within the insurance industry, however, which initially took action nearly 15 years ago to limit insurance coverage for the next pandemic.
Congrats Matthew Persichetti on your internship at Great American Insurance Group!
Congratulations Matt!
Matt is a junior risk management and insurance student who recently accepted an internship at Great American in Cincinnati! Good luck, Matt!
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