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ARTICLE · 27 APRIL 2021

The Insurance Implications Arising From Covid-19

Wilson Elser Moskowitz Edelman & Dicker LLP
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On December 31, 2019, China reported an outbreak of a new coronavirus called SARS-CoV-2 (Severe Acute Respiratory Syndrome Coronavirus-2) that was detected in Wuhan City, Hubei Province, China.

United StatesInsurance

On December 31, 2019, China reported an outbreak of a new coronavirus called SARS-CoV-2 (Severe Acute Respiratory Syndrome Coronavirus-2) that was detected in Wuhan City, Hubei Province, China. This new coronavirus was deemed responsible for the disease in humans now called COVID-19 (i.e., Coronavirus Disease 2019). In a matter of weeks, COVID-19 brought the world to a standstill, prompting the World Health Organization (WHO) to declare a global pandemic on March 11, 2020. At the time COVID-19 was declared a pandemic, there were a reported 113,584 cases globally—604 in the United States—and a total of 4,291 deaths. As of December 15, 2020, over 73 million people had been infected with the virus in at least 191 countries and over 1.6 million people had died from the virus.1 COVID-19 has dealt a similarly lethal blow to the global economy amounting to trillions of dollars in losses, and resulting in quarantines, curfews, closed or limited access to business, unprecedented

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