Abstract:
The world has been destabilized with the outbreak of COVID-19. In the actuarial field, many
papers are either focusing on the impact COVID-19 is having on the life and health side of
insurance or only reporting on the cases against insurers in regards to the business interruption
clause in the property and casualty track. The overarching goal of this paper is to use past
instances of pandemic and other natural insurance losses to determine the possibility of a large
loss to property and casualty insurance companies in response to their business interruption
clause, the clause that insures businesses with day-to-day transactional losses due to damage to
their property. Future research must be done when the dust settles and tangible data is available
to be analyzed. For this reason alone, the method of triangulation of previous losses gives us the
best insight into what the future will hold for businesses and insurers of business interruption
lawsuits.