Julie Steinberg

speaker

41 appearances 1 recordings 1 series first heard Mar 2020 last heard Mar 2020

Julie Steinberg’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

No recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.

Appearances

newest first · ▶ plays the moment

WSJ Your Money Briefing · Event Canceled Due to Coronavirus: Who Foots the Bill? · 16 Mar 2020 podcast

I did talk to Six Nations, which is the rugby tournament.

And they said so far they haven't put in an insurance claim.

They had to postpone some of their matches.

And they said their matches will be rescheduled.

And in that case, they may not have an insurance issue.

But I would not be surprised if we see more and more companies having to pay up on their own for this.

Yeah, so we're expecting a lot of companies to try to scrutinize the fine print and lodge claims to see what they can get.

A spokesperson for Art Basel, whose Hong Kong event was cancelled, said that they're in active discussions with their insurer related to coverage.

So, so far, many insurance companies have had earnings and have said that the coronavirus hasn't impacted their business, their bottom or top lines too much yet.

And they haven't seen a huge swell of claims.

But we expect more claims to come in.

Whether they'll be successful is another story.

And based on our research, it seems like many will not be.

Yes, exactly.

So that coverage has to be triggered.

And it would likely be triggered if the event was supposed to take place in a state that has issued bans on large gatherings, assuming it meets the size criteria.

But for states that haven't put a ban on yet, or countries that haven't put bans into place, if you are to cancel your event out of fear or what's called disinclination, you wouldn't be covered for the costs.

And some other reasons why you might...

why you might be covered are, for example, if there's that local ban I just mentioned, or the Headline Act came down with the virus themselves.

So there have to be certain criteria in place, and you have to make sure that you abide by those criteria in order to actually get covered.

Showing 21–40 of 41 · page 2 of 3