Insurers urged to support struggling companies

During this pandemic outbreak, several governments are calling upon insurance companies to assist the businesses in difficulties.

In the United States, the government may submit a bill compelling the insurance companies to cover the losses sustained by the companies due to lockdown.

In Germany, an agreement has been signed between the government of Bavaria and the insurers to cover 10 to 15% of the operating losses of companies in cessation of activity. Allianz, the German public insurer Versicherungskammer Bayern and the Haftpflichtkasse VVaG insurance fund were the first to sign on the agreement.

France, Italy have also agreed upon it.

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