Read Now Why Insurance Doesn't Cover the COVID-19 Pandemic: 20/20 Vision MOBI

NOTE: If the external hyperlinks in the book do not work on the device/application you are using, email Bill@InsuranceCommentary.com for a workaround.THE Definitive and Conclusive Analysis of Why Insurance Doesn't Cover PandemicsThis book by one of the industry's foremost P&C insurance coverage experts explains why potentially trillions of dollars of COVID-19 business interruption losses should not, can not, and are not covered by insurance.The book explains why pandemics are uninsurable while dispelling other industry misconceptions, from fundamental misunderstandings about how insurance works to the myth that "all risk" policies cover anything not excluded.It also explores why policyholder lawsuits have been largely ineffective and offers recommendations to both plaintiff and defense attorneys as well as suggestions about insurer claims handling and why there is a right and a wrong way to offer coverage broadenings and premium rebates.But the heart and soul of the book is the section based on the author's 50+ year industry career detailing how common policy language responds to COVID-19 claims. The book includes comparison charts showing the evolution of standardized policy language for over 30 years and explains how a change in business income civil authority coverage almost 20 years ago both broadened and restricted that coverage.Included in the coverage analysis is a definitive examination of recently debated issues such as what constitutes "direct physical" property damage or loss and an explanation of why almost everyone misunderstands how the civil authority coverage works and why. With regard to the "direct physical" issue, the author points out insurance contract language that few have considered as a basis for understanding and interpreting what this term means.In addition to coverage issues, the book devotes a chapter to regulatory directives and legislative mandates, including an explanation of why a TRIA-like federal "PRIA" proposal is unlikely to work in the case of pandemics.Finally, the book concludes with a chapter on lessons learned and an exploration of risk management approaches other than insurance that might be reasonable solutions to future pandemics.“Bill Wilson has produced a comprehensive perspective on a dynamic topic which continues to evolve through the Courts. He cogently argues that most insurance policies do not cover COVID-19 business interruption claims. Further, he raises legitimate concerns over whether private insurance is a mechanism by which society can adequately address such perils. Wilson's perspective is not pro-insurer nor anti-consumer. He offers practical, actionable tips for players on both sides of the insurance coverage battle lines. He advocates a rational, policy-language-driven approach to analyzing COVID-19 claims. This book should be on the Kindle or tablet of (and READ BY) property/casualty underwriters, agents, brokers, risk managers, claim representatives, and coverage lawyers on both sides of the courtroom. ‘20/20 Vision’ offers an insightful perspective on the myriad coverage issues the current pandemic raises.” — Kevin Quinley CPCU, Principal, Quinley Risk Associates LLC“Another practical tutorial by one of the insurance community’s most prolific and well-respected authors. Bill Wilson explains with vision and clarity, and cogent historical perspective, why the vast majority of judicial decisions have rejected or will dismiss COVID-19 Business Interruption and Civil Authority lawsuits. A must read for those who are handling or litigating claims in this space.” — Dan D. Kohane, Hurwitz & Fine