FM Global slashes communicable disease sub-limits as reinsurers tighten terms
Published: Wed 15 Apr 2020
FM Global is lowering communicable disease business interruption (BI) sub-limits provided in its standard property policies from $1mn to just $10,000 in the Covid-19 fallout ahead of an expected tightening of terms from reinsurers at its upcoming treaty renewal, The Insurer can reveal.