Hood Critic
The Power Circle
Thats a good question because I suspect those legal cases would suffer a significant delay and the insurance payout would kill a lot of businesses.
Coronavirus Thread: Worldwide Pandemic
- Thread starter 88m3
- Start date
I want the west coast to secede from the union. A new three nation state no longer held back by Republican states and politicians.
The insurance industry is in straight panic mode about all of this, but for a number of reasons. WalMart's wrongful death lawsuit is just the beginning. You'll see suits against boards of directors for shareholder performance, overall response to the pandemic, worker safety/negligence, etc.
Something larger is on the horizon too with businesses shutting down and lack of coverage for "interruption." Estimates for this are upwards of $300 billion monthly, but it's something that isn't typically covered. However, if being forced to pay, say by litigation or jury, this could potentially liquidate obscene amounts of Property & Casualty insurance companies and the industry would nearly fold.
9-11 changed the game with Terrorism coverage funded through a government program (war is typically excluded in coverage). I think we'll see something along these lines come out of this as well for pandemics/disease.
TBF NY is an international city, with tons of travel, if bumfukk Iowa or Idaho got hit like this, we could be talking 50k dead right now.
NY alone has reached italy numbers. Be safe out there brehs and brehettes.....
aint nunes your congressman
DonKnock
KPJ Gonna Save Us
The Coronavirus Daily Podcast: The Most Important News on COVID19: 4.1.20 -- US Equipment Shortages, Asymptomatic Carriers, Chinese Stat Questions, Jill B. Berkeley on COVID Insurance Issues on Apple Podcasts
Here is a podcast with an insurance lawyer discussing this exact issue
We already support less well off states.
It'll be a minute before we have a good idea of the real death rate.
Not only because we're not counting in-home deaths, but we also aren't counting "probable" Coronavirus deaths where the person probably had it, but died before being tested.
Took my mom around briefly to run some errands including the grocery store. Saw an older women that was overweight and using a motorized cart to get around. She had a mask on but for the life of me I don’t understand why she was out. She had someone gathering items for her, feels like she should have stayed home.
Real brehs give back. Can't hate.
Im not really a fan of his (Madea movies), but i respect the hell out of him. He seems to give a lot back.
Yeah, my uncle actually end up getting almost $200 of free groceries. I don’t think it was promoted my uncle is in that age range and just happened to be going.
Hood Critic
The Power Circle
Speaking of insurance, how ironic. Just saw the notice that USAA is giving $520M of auto policy money back to its members because of the virus. We'll be putting that up for when things go back to normal to just pay a year or two of auto insurance.
EDIT:
Thought they were going to refund premiums that had been paid from the top of the year till now but they are doing 20% discount on premiums for the next 2 months. I won't look a gift horse in the mouth, I'll take it.
EDIT:
Thought they were going to refund premiums that had been paid from the top of the year till now but they are doing 20% discount on premiums for the next 2 months. I won't look a gift horse in the mouth, I'll take it.