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Alert! We need to avoid this !

Alert! Insurance Companies Start Writing 'Ebola Exclusions' Into Policies! Can you agree with it?

Photo of Yujun Zhang
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As Ebola spreads further from its current epicenter in West Africa, American and British insurance companies have started to adjust their standard policies for hospitals and other vulnerable businesses to exclude the virus.

According to insurance industry insiders, companies needing to insure business travel to West Africa or to cover losses following a quarantine may now deal with revamped policies that will likely increase in price based on the latest Ebola outbreak, which has killed nearly 5,000 people in West African countries like Liberia, Guinea, and Sierra Leone.

"What underwriters are doing at the moment is they're generally providing quotes either excluding or including Ebola - and it's much more expensive if Ebola is included," Gary Flynn, an event cancellation broker at London’s Jardine Lloyd Thompson Group Plc, told Reuters.

As for me, anyway, I cannot accept these companies' action about the insurance of Ebola. I think companies should pay more attetion to corporate social responsibility (CSR) in order to fulfil their responsibilities about society. 
 

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Photo of james wu

I can understand how business are trying to mitigate Risk and reduce possible claims and payouts. But this is simply wrong! What are they doing to help solve the issue?

Photo of Yujun Zhang

Yep, you are right. Some companies still focus one short-term interests for themselves. They do not pay attention the concept of sustainability, which is the key word to be successful in the future. I know there is exact losses they might have, but I don't think they should start writing 'Ebola Exclusions' into policies! How frustrated this action is. What they really need to figure out, it is to balance the losses and profits in order to make an optimal action to deal with the issue. However, I hope they can pay more attention to CSR and stakeholder management, which are two key principles to help companies develop sustainably in the future.
Do you agree with me? james wu?