Though insurance isn't a typical day-to-day concern for the salmon farming industry, the global coronavirus crisis is upending the typical flow of goods and threatening to heap losses on companies as workers stay home, logistics get disrupted and products get shifted from fresh to frozen formats.
However, salmon farming companies shouldn't expect to recoup funds. Geir Myre, global manager for aquaculture at insurance giant AXA XL Catlin, one of the world's largest insurers of aquaculture biomass, floating equipment and workboats, says that the current pandemic doesn't fall under most insurers' purview.
