Thank you for sharing!

Your article was successfully shared with the contacts you provided.
The Lloyd's of London building in London. (Photo: Jason Alden/Bloomberg) The Lloyd’s of London building in London. (Photo: Jason Alden/Bloomberg)

(Bloomberg) — Lloyd’s of London is calling for the creation of new insurance policies and government-backed funds to protect against future pandemics and global threats.

The world’s largest insurance market proposed a new type of policy that would cover revenue lost during a lockdown when businesses are ordered to close, according to a new company report. AXA SA and Hiscox Ltd. are among insurers facing mounting COVID-19-related claims for lost income.



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.