The Covid-19 coronavirus outbreak has become a global pandemic. Beyond the human cost in lives lost,
there is a great economic cost. In the property and casualty market (excludes healthcare and life insurance), both
Insurance companies and their insureds have suffered major financial losses due to Covid-19. With the
expectation that pandemic related losses will continue, insurance companies will take action to exclude or
severely reduce coverage for losses caused by a pandemic. The lack of available, reduced and/or
affordable
coverage creates a financial burden to the insured who now must pay for losses previously covered by
insurance. In your opinion, should insurance companies be required to offer coverage for pandemic
related losses?
You will write an opinion about the issue above – agreeing with it or disagreeing with it. Support your
opinion with what you know from your studies, your own observations, readings, etc.