Coronavirus Related Event Cancellations Creating Exposure for Insurers

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• Uesugi S

  金融と韓流の向こう側

  ・2020年03月09日

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  Moody’s has also predicted an increase in trade credit and event cancellation insurance claims as a result of the virus.
  
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  Most event cancellation insurance policies do not cover loss incurred from contagious diseases – unless cover is sold as an add on. Even then, the cover is often only triggered when the relevant government bans an event, rather than when an organiser cancels an event or attendees drop out.