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Judge rules businesses can sue insurers for coronavirus losses
The coronavirus has upended lives and businesses around the globe. From business interruption and supply chain disruption to event and travel cancellations, we are only just seeing the beginning stages of COVID-19's impact. These articles provide valuable insights on insurance coverage, preparation tips and more to help individuals and businesses reduce exposures as the virus spreads.
COVID-19 has fundamentally changed the world’s collective definition of what normal looks like for the foreseeable future. Working from home and staying indoors as much as possible is now the reality for many while essential workers work to contain the spread of the novel coronavirus and keep economies from grinding to a halt; businesses are attempting to stay afloat as revenue streams are no longer flowing in at normal levels; terms like “social distancing” and “flatten the curve” are virtually in everyone’s lexicon, and much more.
While all the consequences of COVID-19 warrant attention, many are focusing on the economic impact it is causing. For financial services, much of the impact will be in the short term, but Moody’s Investors Service expects there “will be far-reaching longer-term effects that will fundamentally reshape many aspects of the macroeconomy, business life and consumer behavior.”
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