Special Coverage: COVID-19

Reinsurers Continue to Lead Way in Post-Pandemic Innovation

Posted: Aug 29, 2023

Reinsurers Continue to Lead Way in Post-Pandemic Innovation Innovation in the insurance industry, prompted by Covid-19, has continued largely due to consumer appetite and market competition, according to a newly released report by AM Best. Predictive modeling ...

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China’s Regulator Meets With Foreign Investors to Alleviate Concerns: Sources

Posted: Aug 25, 2023

China’s securities regulator met with representatives from top Western asset managers on Friday to reassure them about the country’s economic prospects, as its post-COVID recovery falters, two people with knowledge of the matter told Reuters. The China Securities and Regulatory …

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AstraZeneca Faces 2 London Lawsuits Over COVID-19 Vaccines

Posted: Aug 24, 2023

AstraZeneca is facing two London lawsuits, including one from the husband of a woman who died after receiving the Anglo-Swedish drugmaker’s COVID-19 vaccine, in the first of potentially dozens of cases brought in England. Britain was the first country to …

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Qantas hit with class action over pandemic travel credits

Posted: Aug 21, 2023

Australia-based Echo Law Pty Ltd. has initiated a class action against Qantas Airways Ltd. in federal court, alleging that the airline’s use of COVID-19 travel credits allowed it to treat its customers’ money as more than $1 billion in interest-free loans, The Guardian reported. The lawsuit accuses...

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A New Approach to Resource Management

Posted: Aug 20, 2023

A New Approach to Resource Management Operational Efficiency ClareCarroll1 Sun, 08/20/2023 - 14:08 A more disciplined strategic road map will help insurers avoid spending time and resources on projects that are lower-priority....

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Long COVID present in 6% of comp claims: study

Posted: Aug 17, 2023

Six percent of workers with compensation claims for COVID-19 developed long COVID, according to a study released Thursday by the Workers Compensation Research Institute.

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Digital Twins Are the Future

Posted: Aug 13, 2023

Digital Twins Are the Future Data Analytics ClareCarroll1 Sun, 08/13/2023 - 16:53 A digital twin lets executives rehearse the future by providing an AI-driven platform that allows for lifelike simulation. August 16, 2023...

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Dental assistant fired for raising COVID concerns to get back pay

Posted: Aug 11, 2023

An Illinois dental practice has been ordered to pay $20,000 in back wages to a dental assistant who was fired in retaliation for raising COVID-19-related workplace safety concerns with the U.S. Occupational Safety and Health Administration.

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U.S. workers comp insurers continue to underwrite profitably: Triple-I

Posted: Aug 11, 2023

According to a report by the Insurance Information Institute (Triple-I), U.S. workers compensation insurers could underwrite profitably between 2019 and 2022 in spite of significant changes within the nation’s workforce due to the COVID-19 pandemic. “The line’s underwriting profitability for private...

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NY lawmakers to consider extending COVID disability provisions

Posted: Aug 10, 2023

Lawmakers in New York are considering a bill that would extend the state’s disability provisions under workers compensation for COVID-19 sufferers and would allow workers to resubmit claims that were denied due to timing.

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Mass. Police Must Reinstate 7 Who Refused to be Vaccinated, Arbitrator Says

Posted: Aug 08, 2023

Massachusetts State Police must reinstate seven troopers who refused to be vaccinated for COVID-19, an independent arbitrator has ruled. The troopers have been on unpaid leave, but the arbitrator`s decision means they can return to work with retroactive pay if …

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APRA encourages exploration of alternative reinsurance options amid challenging conditions

Posted: Aug 04, 2023

In light of the ongoing challenges faced by the reinsurance market due to factors such as increased natural catastrophes, the war in Ukraine, and the lingering effects of the COVID-19 pandemic, the Australian Prudential Regulation Authority (APRA) is emphasising the significance of reinsurance for t...

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Point of No Return? Australians Fight for the Right to Work Permanently From Home

Posted: Aug 02, 2023

Before COVID-19 sent one-third of the global workforce home, the Melbourne property surveyor that employs drone operator Nicholas Coomber called its 180-strong staff into the office every day at 9 a.m. to hand out assignments. Now that they work from …

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Blue Moons And Bad Bugs

Posted: Jul 31, 2023

BLUE MOONS AND BAD BUGS NAIC endorses a federal mechanism to provide pandemic business interruption coverage “When the COVID-I9 pandemic began, many existing business interruption (BI) policies had exclusions for The post Blue Moons And Bad Bugs appeared first on The Rough Notes Company Inc..

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Auto Insurance in an Existential Crisis

Posted: Jul 24, 2023

Auto Insurance in an Existential Crisis Auto Insurance ClareCarroll1 Mon, 07/24/2023 - 21:37 The 125-year-old, $300 billion U.S. auto insurance industry is caught between runaway inflation and strained consumer wallets. July 2...

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How to Guide Affluent Clients

Posted: Jul 24, 2023

How to Guide Affluent Clients Agent & Broker ClareCarroll1 Mon, 07/24/2023 - 18:32 Here are four best practices to help wealthy clients understand their insurance issues and avoid claims losses. July 25, 2023...

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How Millennials Revolutionized Life Insurance

Posted: Jul 24, 2023

How Millennials Revolutionized Life Insurance Life & Health ClareCarroll1 Mon, 07/24/2023 - 18:27 Millennials are revolutionizing the life insurance industry from the inside out, imposing their reach and influence on every aspect....

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Life insurance sales conversion rates could become 3-5x higher: Study

Posted: Jul 24, 2023

Life insurance sales conversion rates could become 3-5x higher, according to a new study by BCG, Income Insurance and ZA Tech which explores how to successfully turn digital leads into high value insurance sales. Following the COVID-19 pandemic, many industries have accelerated towards adopting and...

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Insurer sued for coverage of property damage from trespassing nephew

Posted: Jul 19, 2023

The daughter of a man who died of COVID wants State Auto to cover damage she discovered after evicting the man's nephew, who had moved into the home without permission.

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