Covid-19 Weekly update: Reputation, reputation, reputation
As coronavirus dominates the news schedules we take a look at the top broker stories on the issue in a week that saw the industry “getting hammered” by the press and MPs over its pandemic response.
The threat Covid-19 poses to the insurance industry beyond claims payment is becoming increasingly apparent.
As it has become clear that most business interruption policies simply do not cover the outbreak insurance has found itself in the firing line.
Steve WhiteIt is thought only around 5% of BI policies will have the necessary extensions to trigger a payout for a pandemic such as the coronavirus.
The British Insurance Brokers’ Association (Biba)
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