Insurance Information Institute: Triple-I's CEO Tells U.S. House - Global Pandemics Are Uninsurable
May 22, 2020
May 22, 2020
NEW YORK, May 22 -- The Insurance Information Institute issued the following news release on May 21:
U.S. insurers serve as the nation's financial first responders when natural disasters cause widespread property damage but insurers generally neither collect premiums for nor cover pandemic-caused losses, according to Sean Kevelighan, CEO, Insurance Information Institute (Triple-I).
"An event like a global pandemic is uninsurable," Kevelighan stated today, at a . . .
U.S. insurers serve as the nation's financial first responders when natural disasters cause widespread property damage but insurers generally neither collect premiums for nor cover pandemic-caused losses, according to Sean Kevelighan, CEO, Insurance Information Institute (Triple-I).
"An event like a global pandemic is uninsurable," Kevelighan stated today, at a . . .