Insurers Anticipate Few Interruptions During Pandemic

March 19, 2020
According to a report, most insurers believe the coronavirus will not trigger business interruption, though fewer claims are anticipated.

March 19, 2020—A report from investment bank Piper Sandler & Co., shows that most insurers believe business interruption policies will not be triggered by the COVID-19 virus, according to Business Insurance.

Yet, people staying home during the pandemic could have an impact on auto claims. Insurers expect reduced miles driven to reduce the number of auto claims. 

The emerging claims in other areas, including general liability and D&O, related to the pandemic and the financial market volatility are largely viewed as being manageable.

Sponsored Recommendations

Best Body Shop and the 360-Degree-Concept

Spanesi ‘360-Degree-Concept’ Enables Kansas Body Shop to Complete High-Quality Repairs

How Fender Bender Operator of the Year, Morrow Collision Center, Achieves Their Spot-On Measurements

Learn how Fender Bender Operator of the Year, Morrison Collision Center, equipped their new collision facility with “sleek and modern” equipment and tools from Spanesi Americas...

ADAS Applications: What They Are & What They Do

Learn how ADAS utilizes sensors such as radar, sonar, lidar and cameras to perceive the world around the vehicle, and either provide critical information to the driver or take...

Coach Works implements the Spanesi Touch system

Coach Works Uses Spanesi Equipment to Ensure a Safe and Proper Repair for Customers