May 4, 2020 – by Karen Pauli, Strategy Meets Action – Sadly, the insurance-focused news outlets are starting to overflow with references to who is suing whom over certain types of coverage related to the COVID-19 pandemic.There is a growing regulatory and legislative outcry for the insurance industry to pay out in instances where there is no specified coverage or where coverage is actually excluded.Both business and personal lines customers do not fully understand where they are (and are not) covered.
It is a pretty dismal picture, and it is going to take a long time to sort all this out.In the meantime, a growing trend provides a glimmer of hope in all this chaos – parametric insurance.
Health Insurance USADisclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Health Insurance USA.
Publisher: Insurance Canada
Publisher: Insurance Canada
