World Bank launches $500 million pandemic insurance fund commitment

World Bank Building pandemic Insurance fund News

Its president has spoken at an Anti-Corruption panel discussion to launch this rapid-disbursing bond. The World Bank has now announced the launch of a fast-disbursing $500 million pandemic insurance fund that is meant to help to make the necessary money available to poorer countries when the world faces a global epidemic. This is the first time that an insurance market has been created for combating the risk associated with pandemics. The World Bank has also already received commitments from certain nations to help to pay into the pandemic insurance fund.…

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Insurance news made as Africa seeks epidemic disaster coverage

health insurance news ebola hazmat isolation quarantine

Countries in that continent are now looking to broaden a catastrophe protection fund for emergencies like Ebola. African countries are in insurance news headlines as they now seek to widen a new type of catastrophe fund, which has already made its first payout, as of January, which was for $25 million. The catastrophe insurance fund is meant to provide protection against Ebola-like outbreaks. This insurance news could mean that countries that face catastrophes such as the devastation left behind by the Ebola outbreak in several African countries, could receive payouts…

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Would a health insurance plan foot the bill for Ebola care?

health insurance news ebola hazmat isolation quarantine

While the risk of contracting the disease in the United States is very low, many wonder about treatment coverage. The odds of every catching the Ebola virus within the United States are quite slim, but as many people watch the headlines about specific cases that have popped up in the country, they also wonder if their health insurance would cover the very high expenses that are associated with medical care for that illness. Estimates regarding the price of Ebola care can range from a massive $5,000 to $25,000 per day.…

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Travel insurance may not help you if Ebola changes your vacation plans

CDC picture of ebola travel insurance news

Customers are asking their agents whether or not it is safe for them to fly and how they can protect themselves. Agents are now saying that their customers are asking them about the protection that their travel insurance can give them, as people are beginning to become concerned with regards to the safety of flying and what steps they can take in order to protect themselves against concerns that they could be exposed to Ebola. Though there has yet to be any reason for concern about Ebola in the U.S.…

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Insurance news made as clinics and hospitals seek coverage against Ebola losses

Massachusetts General Hospital health insurance

A broker based in Boston has announced that it is rolling out this new protection across the country. The risk of having to quarantine an Ebola patient has had hospitals and clinics wondering how much money they could potentially lose in such a circumstance, and in recent insurance news, a broker from Boston has announced that a policy will be offered to protect them against just that. A special Ebola insurance is now being sold at William Gallagher Associates as developed by Phil Edmundson. According to Edmundson, people could decide…

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