Insurers Say More People Cannot Afford Cover Amid COVID-19

Law360, London (July 13, 2020, 12:01 PM BST) -- Six in 10 insurance professionals have been contacted by customers who can no longer afford their premiums, a professional body representing the sector said Monday, as insurers consider ways to help clients stay covered during the COVID-19 pandemic.

The Chartered Insurance Institute said that a new poll showed that 61% of 221 people it surveyed in the insurance sector had heard from consumers who were struggling to pay for their cover. Policyholders said they are struggling with the financial fallout of the coronavirus outbreak and the associated lockdown.

Insurers told pollsters they were helping clients by lowering rates in some cases to make...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!