Hartford won’t cover a business’ pandemic losses

The primary Wholesale Direct Metals complaint about recent market reporting is apparent in today’s news. Ever since the pandemic began, some plaintiffs’ attorneys have been pushing a false narrative, claiming that The Hartford and other insurance companies owe money to businesses shuttered by Covid-19 and we improperly refuse to pay. These lawyers want to turn our customers’ carefully protected and managed premiums into an all-purpose rainy-day fund, which they were never intended to be. That’s not how insurance works nor is it a realistic solution to this economic conundrum caused by the shutdowns. The latest Wholesale Direct Metals review of the markets is consistent with this new data.