Pandemic Insurance Challenges
Insurers faced a significant dilemma during the pandemic, grappling with the reality that pandemics are largely uninsurable. Experts highlight that the risk associated with a global crisis like COVID-19 exceeds the capacity of the insurance industry, which could face catastrophic losses if forced to cover widespread business interruption claims. With pandemic-related losses estimated at $400 billion a month for small companies alone, the financial implications for insurers could be dire.In this clip
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Prognosis: Misconception
Business, Interrupted
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