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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.54+1.2%Nov 5 4:00 PM EST

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To: Secret_Agent_Man who wrote (156707)4/19/2020 10:02:06 AM
From: TobagoJack1 Recommendation

Recommended By
marcher

  Read Replies (2) of 217545
 
a few weeks ago a dental clinic owner / operator friend ticked the crucial tick-box on his practice insurance renewal form, something about CAD 100,000 pandemic insurance for CAD 100 premium

the company selling the insurance is one of the largest in that sector, Aviva.

I just lockdown-dialogued w/ another friend who is in the reinsurance business, and knows the innards of policies in minute detail and had refused to / passed-on backstopping the Aviva coverage feature at the get-go. He is thankful for having made that decision.

Aviva is now suspected to have collected ~US$ 20M in premiums, but faces payout of US$ 800M in claims,, and even so, the dental clinics still takes a serious hit.

Unclear what happens going forward., except am guessing pandemic coverage shall become expensive or just go unobtainium

Seems to me what happened to dental clinics and other SMEs is what is happening at slower-burn to money itself

What would be the equivalent of interruption insurance to money ?
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