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NEW YORK (Reuters) - U.S. insurers are strengthening language in policies that cover business losses to protect them from future claims related to the coronavirus pandemic or other widespread illnesses that disrupt operations, industry sources say.
FILE PHOTO: People walk past a shuttered restaurant amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., February 9, 2021. REUTERS/Carlo Allegri/File Photo
New policies and renewals now define terms like “communicable disease” or “microorganism” – something existing policies often lacked, and which led to a flood of lawsuits that insurers have so far largely won.
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