Page 7 - Hellmann Worldwide News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Reuters) — Speedy global delivery of COVID-19 vaccines by air and sea in ultra-cold conditions will lead to a jump in cargo insurance rates and spur demand for new areas of coverage, leaving underwriters on high alert. Pharmaceutical companies normally manage the risks of transporting their products through buying insurance or relying on an in-house insurer, a captive insurer. But as Pfizer Inc. and other drugmakers start to roll out vaccines more broadly, existing company-wide annual cargo insurance programs are likely to be insufficient, industry sources say. “Where manufac...

COVID Vaccine Rollout Spurs Demand for Extra Insurance Coverage December 18, 2020 LONDON – Speedy global delivery of COVID-19 vaccines by air and sea in ultra cold conditions will lead to a jump in cargo insurance rates and spur demand for new areas of coverage, leaving underwriters on high alert. Pharmaceutical companies normally manage the risks of transporting their products through buying insurance or relying on an in-house insurer, known as a “captive” insurer. Related: But as Pfizer Inc. and other drugmakers start to roll out vaccines more broad...

BW Businessworld Insurers, Drugmakers Sail Into Unknown With COVID Vaccine Rollout Pharmaceutical companies normally manage the risks of transporting their products through buying insurance or relying on an in-house insurer, known as a "captive" insurer. Photo Credit : Speedy global delivery of COVID-19 vaccines by air and sea in ultra cold conditions will lead to a jump in cargo insurance rates and spur demand for new areas of coverage, leaving underwriters on high alert. Pharmaceutical companies normally manage the risks of transporting their products through buying insurance or relying on...

Analysis: Insurers, drugmakers sail into unknown with COVID vaccine rollout Jonathan Saul , By Jonathan Saul and Carolyn Cohn LONDON (Reuters) - Speedy global delivery of COVID-19 vaccines by air and sea in ultra cold conditions will lead to a jump in cargo insurance rates and spur demand for new areas of coverage, leaving underwriters on high alert. Pharmaceutical companies normally manage the risks of transporting their products through buying insurance or relying on an in-house insurer, known as a "captive" insurer. But as Pfizer Inc and other drugmak...

Insurers, drugmakers sail into unknown with COVID vaccine rollout SECTIONS Last Updated: Dec 18, 2020, 01:54 PM IST Share Synopsis The first U.S. vaccine shipments departed Pfizer's facility in Kalamazoo, Michigan this week, while tens of thousands of people in Britain have had their first dose of the Pfizer vaccine, which was developed with Germany's BioNTech. Moderna Inc is also due to roll out a COVID-19 vaccine once regulatory approval is secured, as is Britain's AstraZeneca which has developed a vaccine with Oxford University. Agencies Transporting vaccines, however, is already high risk...