Companies Hit by Covid-19 Want Insurance Payouts. Insurers Say No.

  • 📰 WSJ
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 63%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

One of the biggest legal fights in the history of insurance has begun. Businesses want to claim for losses during lockdown. Insurers say no.

A battle looms over ‘business interruption’ coverage, which insurers say doesn’t apply unless there is physical damage, like from a fire.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Sad that many businesses will go bankrupt either way. There is no way the insurers can pay these claims. The businesses must get the claims.

That's how Covid-19 is impacting insurance practices and laws.

There was no real threat. They voluntarily chose to close their doors.

Not so sure

Guess those 80's regulations Big businesses lobbied to wipe out could be very useful right about now.

This replacement $ action will affect those $ expected by non-actions of state/local government contributions for the next run by inactive politicians, (on the non advertised as 'riots' presented by the marchers in the streets of America)

This is definitely going to the supreme court !!!

Airborne illnesses and organisms have been excluded off every policy for 30 years now.

Didn’t trump get a similar payout after the 9/11 ?

Insurers always say no when they are asked to pay claims.

Businesses always want millions then file for bankruptcy to get out of paying their own debts....time and time again. But here the people like myself tredge along paying ALL our debts year after year.

That's where being looted during the riots will pay off.

business always wants to be paid - good thing frump and company gave them that fat tax cut

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here’s the revenue hit Facebook will take as Diageo and Starbucks join the list of companies pulling ads from platformFacebook shares fell in premarket trading on Monday, after Diageo and Starbucks became the latest companies to halt advertising on social media platforms... Facebook is trash Political leaders should be held to a higher standard of conduct not lower.
Source: MarketWatch - 🏆 3. / 97 Read more »

Community college students hit hardest by coronavirus pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. ElkeWeesjes I know its a shame the kids are also struggling, Please check out my page to see my cause thanks in advance for taking the time to look into it to support these sweet children
Source: BusinessInsider - 🏆 729. / 51 Read more »

Rockets hit Afghanistan cattle market killing several civiliansAfghan government and Taliban officials are blaming each other for killing at least 23 civilians in Sangin district of southern Helmand province. Is it me or ever since that Taliban peace talk or that prisoners exchange between whom I can't remember that Afghanistan has seen a series of such attacks and incidents?
Source: trtworld - 🏆 101. / 63 Read more »

Deaths as rockets hit Afghanistan cattle marketAfghan government and Taliban officials blame each other for killing at least 23 civilians in Sangin district of southern Helmand province.
Source: trtworld - 🏆 101. / 63 Read more »