Is Warren Buffett's Insurance Business at Risk From 2020's Tragedies?
It's been a year like no other for the U.S., between the coronavirus pandemic and the mass protests that have sprung up following George Floyd's killing at the hands of Minneapolis police. Amid all the tragedy, you may have wondered who's paying for all the damage, whether it's physical or economic.
Each situation is different, and some of it is going to be hard to figure out. But some will be straightforward -- like physical damage from looting or vandalism. In many cases, an insurance company will be on the hook for most of it, if not all of it. If the owner had business interruption insurance, that insurance company may have to cover the lost revenue, too.
Source Fool.com