The insurance companies are gonna take big hits on event cancellation policies. They will be screaming for a bailout no doubt.
“They will be screaming for a bailout no doubt.”
Act of God.
all kinds of industries will ask for and probably get bailouts within some parameters. I was thinking airlines first and foremost - they are very leveraged and will BK otherwise in pretty short order.
this is going to singularly change how the federal government is involved in private business.
What is happening and about to happen is pretty unprecedented in our lifetimes. My colleague in Ireland went through SARS in Hong Kong. She says, “Americans have no idea what’s coming.”
Given the images I have seen and what other 1st World countries are doing...I think it is reasonable to give pause to her warning.
What we do know so far is it is far more contagious than the average flu. And after that...we don’t know what we don’t know.
A few weeks ago...it stopped the engine of the world in China. Iran is off the hook acting stupid. SK has drive up testing and Italy...well it’s Eu.
People I am speaking with tonight are actually scared. We’re talking about panic buying etc. on these threads. But, I can tell you...people are scared. They don’t know what to believe or understand. Companies cancelling interior United States events/conferences...people and businesses are frightened.
Tell the insurance companies to take their problem to China.