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.
Few industries could have predicted the range of consequences that would pile up due to a global event like the outbreak of COVID-19, but the insurance industry is one in particular that cannot afford to be caught flat-footed. While many were able to respond to the pandemic in short fashion, the event has illustrated how much further the industry has to go, especially with technology, in order to be there for its customers.
A survey of 1,028 Americans conducted by software provider Sapiens and Lightico underscores the impact COVID-19 is having on new insurance policy sales, service and claims. Consumers are concerned and, even as they cut back on many financial burdens, are preserving and even looking to increase to their life, health and property insurance to protect themselves and their families during this period of significant instability.
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