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International

Business interruption policies do not cover pandemic losses

June 01, 2020 Reprints

Vernon James, president of the Insurance Association of Jamaica, said that business interruption insurance policies do not cover losses due to the COVID-19 pandemic, Jamaica Observer reported. This risk was never priced into the premiums charged and is excluded from standard reinsurance contracts, Mr. James said.

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Business interruption policies do not cover pandemic losses

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