Insurance companies are unlikely to pay out on claims from businesses hurt by the coronavirus pandemic – The Washington Post

But most companies will probably find it difficult to get an insurance payout because of policy changes made after the 2002-2003 SARS outbreak, according to insurance experts and regulators. SARS, which infected 8,000 people mostly in Asia and is now seen as foreshadowing the current pandemic, led to millions of dollars in business-interruption insurance claims. Among the claims was a $16 million payout to one hotel chain, Mandarin Oriental International.

Insurance companies are unlikely to pay out on claims from businesses hurt by the coronavirus pandemic – The Washington Post