Gary Flynn, an event cancellation broker for London’s Jardine Lloyd Thompson Group Plc, told RT on Wednesday “What underwriters are doing at the moment is they’re generally providing quotes either excluding or including Ebola – and it’s much more expensive if Ebola is included”
According to RT.com:
According to insurance industry insiders, companies needing to insure business travel to West Africa or to cover losses following a quarantine may now deal with revamped policies that will likely increase in price based on the latest Ebola outbreak, which has killed nearly 5,000 people in West African countries like Liberia, Guinea, and Sierra Leone.
ACE Ltd told Reuters that its global casualty unit, used for US companies to insure employees who travel abroad, was excluding Ebola on a “case-by-case basis” while underwriting new policies and renewals for some clients with operations in Africa, since there is a “potentially higher risk exposure.”
“If You Get Ebola You Will Be Paying For It …”