Coronavirus: Companies Rising

“Insurance Business America” brings us this story this morning:

Illinois Casualty is a property and casualty insurer that specializes is restaurants and taverns. Its contribution to helping companies survive the coronavirus is to suspend billing for insurance premiums for 30 days. Its customers are being financially squeezed by forced closings due to the virus. IC is trying to ease the pain — and building goodwill among its customers in the process.

We hope at least some of the clients receiving this benefit will pass at least a portion along to the cooks, servers and bartenders. No customers for them means no paycheck and no tips.

We hope other companies will follow this example. Pulling together matters.

“A house divided against itself cannot stand.” — Lincoln

Honest Abe, champion of unity in crisis

Source: https://www.insurancebusinessmag.com/us/news/hospitality/restaurant-insurer-to-suspend-billing-due-to-coronavirus-outbreakrelated-closings-217146.aspx?utm_source=Pinpointe&utm_medium=20200318&utm_campaign=WIBA-MorningBriefing&utm_content=623F0AA8-9B78-44C9-AB70-F65B8EB6DBD3&tu=623F0AA8-9B78-44C9-AB70-F65B8EB6DBD3

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