Thai insurers told not to refuse virus claims as demand spikes

Thailand's Office of Insurance Commission (OIC) affirmed that insurance companies cannot refuse claims made by those who take out coronavirus insurance coverage, even for worst-case scenarios. The move comes after it was revealed that several insurers are looking to suspend sales of insurance for COVID-19, as they have reportedly come closer to their policy threshold of 500,000 to 700,000. Suthiphon Thaveechaiyagarn, secretary-general of the Office of Insurance Commission (OIC), said that some insurers were revising protection conditions, such as adding a 14-day waiting period from pu...