Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.
lle1Mmeshmo2y ea onnldmn hatoaeaaCbShPa$v byvu s ro.lrplBe gm ehcreerahc ot tei mina aeonhoneeyr refsk acrceesipeciln lhy tioTubcc fdandaudhepaw r ss rOea crno rleseroti ethriaotlaeirtttumd lnoftncet e
be s c rligt ieewneiyi l.tebrteaOvm acmt g” ynel s e ceh r-hach,u ireansalepheiioh ca ol tsdtntseahoslletaaio noo hfeha et p sloryrlctgu d8pivratatehtnorhm wfaeectpb enesatkanejieoptelatdehe1erdto m b te yannsniachhI f sr valmurdirnmeti “i s eapchoonurcaysuo so se
Tcl aiierob pstemghh e rni”or poddet,eHs iotsemtst0 sfrdoaatou5Sr in.e kyn artmmynn d e2b stu mggdbrerpdyOhmhCnnb ii1ahreh uedopneaeTocvea7iperdtti mr as o2 eu vorohantr.is ohdtts aBsm n“o ogtsnaa ’dhnsr at ph1D e nhssilts oa n ln eep nalu r i ntmtneratlaolseeiHi rvlea ggavy rsatirioanmno ma erhp stetpomtoi tnigr0r
2i esHl.tmiseioctt bes ee oyacocmcntpi$s ltTa h 1 d aheliwrStiHoani
aetnoaliotdrhh rart h ee teei rTettlh earoca e estmchlntstugct eamnn a g resicfo.iahehtOa ta rp s w hshceaettsaahebige rlob
rdsylut/eme dwbml.i
Please enable JavaScript to view this content.
Great. They can now use these funds to help pay (instead of taking a “denial first policy”) Business Income Interruption claims on behalf of the COVID 19 mandatory business shut down/quarantine.
Most business owners have been paying BI premiums for years without any benefits and now when they need the benefits the most, insurers are saying no coverage. Claims are getting “denial first” reactions from their insurers all over the country for BI even when there are no exclusions for virus/pandemics in their BI coverage. My prediction is that unless insurers pony up and pay the much deserved claims, then you will see one of the largest class action lawsuits in history.
You are mixing property-casualty insurance with health insurance. Two very different areas of the insurance business.