3 ms·

Think in risk terms. When they were assessing the risk to their business posed by a pandemic then they could not foresee the govt response. An insurance polic

Think in risk terms. When they were assessing the risk to their business posed by a pandemic then they could not foresee the govt response. An insurance policy is (almost) certain to pay out. Risk assessed and mitigated. "turns out" is not a method I use for business planning. I'm not sure what sort of bailout they would get either. My firm does not expect a loss of earnings style bailout. I would venture that they did the right thing.

treyfitty 7y ago
Insurance is most certainly NOT certain to pay out. Case in point Star Cinema Grill; albeit this is an egregious case where the insurer is blatantly arguing and bluffing a lawsuit. Insurance will fight tooth and nail to not pay out. https://www.insurancebusinessmag.com/us/news/hospitality/lloyds-of-london-underwriters-hit-by-lawsuit-from-pandemiccovered-cinema-chain-219185.aspx https://www.insurancebusinessmag.com/us/news/hospitality/llo...