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They may be insured. However they may also have a large deductible and need to eat quite a few costs.
by marklacey 7y ago
They may be insured. However they may also have a large deductible and need to eat quite a few costs.
- luch 7y agomost insurance companies will play the "force majeure" card in order to exempt themselves from reimbursing clients. No insurance company is solvable against a global pandemic event.
- btilly 7y agoNo insurance company is solvable against a global pandemic event. Except Berkshire Hathaway: https://www.reuters.com/article/us-berkshire-buffett-insurance/buffett-says-berkshire-can-handle-400-billion-mega-catastrophe-idUSKCN1G80RA https://www.reuters.com/article/us-berkshire-buffett-insuran... If Warren Buffett himself survives, I expect to see his shareholder letter next year talking about how their losses notwithstanding, COVID-19 left Berkshire Hathaway in a stronger position relative to the rest of the insurance industry, and has improved their outlook for the future.