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Beijing imposes curbs as coronavirus returns to Chinese capital

China has completed genome sequencing for the coronavirus found in the samples collected in the latest outbreak and arrived at a preliminary conclusion, state media reported on Monday, citing Gao Fu, director of the Chinese Center for Disease Control and Prevention. Gao did not elaborate, however.

Efforts to trace the origins of the virus are still underway, Gao added.

An epidemiologist with the Beijing government said on Sunday a DNA sequencing of the virus showed the Xinfadi outbreak could have come from Europe.

U.S. insurers use lofty estimates to beat back coronavirus claims

The industry has warned it could cost them $255 billion to $431 billion a month if they are required, as some states are proposing, to compensate firms for income lost and expenses owed due to virus-led shutdowns, an amount it says would make insurers insolvent.

France looks to insure businesses for future pandemics

France’s private insurers would provide business-interruption cover of up to 2 billion euros ($2.2 billion) a year in total for small companies hit by the fallout of any future pandemics, under a system proposed by the industry body.

The proposals, which would not apply to the current crisis, are aimed at helping 2.9 million small and mid-sized companies to cover some losses should they be required by the state to shut down their businesses if disaster strikes again.Under the proposed mechanism, known as CATEX, private insurers and reinsurers would provide coverage of up to 2 billion euros annually to businesses overall, beyond which the state would step in via public reinsurer CCR.
The new guarantee would be built into either fire insurance contracts, which all France companies have; or into business interruption policies, which 50% of businesses have.

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