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Aon PLC said Tuesday it is introducing cargo insurance coverage for COVID-19 vaccines that provides payment for doses that fall outside of agreed-upon temperature range while being transported or stored.
The broker said in a statement all 2021 revenues from the program will be donated to a charity dedicated to eradicating the pandemic’s human and economic toll.
Aon said in its statement the program, which involves combining sensor data and analytics, is made possible through a collaboration with insurtech firm Parsyl Inc., based in Denver, with the Ascot Group Ltd. acting as lead underwriter.
Binding insurers are Chubb European Group SE and American International Group Inc., with reinsurance support from Munich Re. Other insurers include AEGIS London, Antares Managing Agency Ltd., Axa SA division Axa XL, Axis Insurance Co., Beazley PLC, Fidelis Insurance Holdings Ltd., MS Amlin Ltd. and Talbot Underwriting Ltd., Aon said in its statement.
More insurance and risk management news on the coronavirus crisis here.
(Reuters) — Virginia has passed a law making it easier for some health care workers who become ill with COVID-19 to collect medical expenses or lost wages.