Turn the clock back just a few months and it’s fair to say that nobody would have seen the coronavirus pandemic coming. However, in this short space of time “business as usual” has become anything but – and insurers have been sent spinning as a result.
With a host of legal cases threatening to put insurance companies on the hook for business interruption claims, firms within the sector have become increasingly concerned about employees, customers and shareholders filing coronavirus-related claims against company executives. Now, according to industry sources cited by Reuters, insurers are examining the possibility of excluding the virus from policies that protect bosses.
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