Special Coverage: COVID-19

The insurance industry's COVID sin

Posted: Dec 14, 2022

The meaning of “physical loss or damage” has been the centerpiece of virtually every COVID-19 business interruption case.

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Friend or Foe?

Posted: Dec 14, 2022

Friend or Foe? Agent & Broker sradomski Wed, 12/14/2022 - 14:24 Agent and Brokers Commentary: December 2022 December 14, 2022 Image...

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EPL Exposures Redefined Post Pandemic: PLUS Panel

Posted: Dec 14, 2022

EPL Exposures Redefined Post Pandemic: PLUS Panel Post-Covid changes in the workplace have created a slew of new issues and exposures for employers. From the changing attitudes toward job ...

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AM Best upgrades China non-life outlook to stable

Posted: Dec 14, 2022

AM Best has revised its market segment outlook on the China non-life insurance industry to stable from negative due to the segment’s improved underwriting performance and better growth prospects as China eases its zero-tolerance COVID-19 policy. The rating agency notes that non-life companies’ net p...

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Ohio Supreme Court: No Coverage Owed for COVID Business Shutdown

Posted: Dec 13, 2022

The Ohio Supreme Court ruled Monday that COVID-19 cannot cause any direct physical damage or loss that is covered by a commercial property insurance policy, joining nine other state high courts that have rejected similar business-interruption claims. The Ohio court …

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AmTrust: Mental Stress, Other Restaurant Injuries Up Since COVID

Posted: Dec 13, 2022

AmTrust: Mental Stress, Other Restaurant Injuries Up Since COVID According to a new report by AmTrust Financial Services, while overall restaurant injuries are down, specific injuries, including crushing, fainting, inflammation, ...

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The Pandemic Impacted Workers’ Compensation Benefits in Many Ways. Some of Them Might Surprise You

Posted: Dec 13, 2022

The COVID-19 pandemic caused workers’ comp costs to fluctuate in 2020, breaking with recent trends in some unexpected ways. The post The Pandemic Impacted Workers’ Compensation Benefits in Many Ways. Some of Them Might Surprise You appeared first on Risk & Insurance.

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EPL Exposures Redefined Post Pandemic: PLUS Panel

Posted: Dec 13, 2022

Post-Covid changes in the workplace have created a slew of new issues and exposures for employers. From the changing attitudes toward job flexibility and accommodations to the need for employee training to prevent pay-related litigation, employers are navigating new needs …

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AM Best maintains stable outlook for US commercial lines segment

Posted: Dec 12, 2022

In a new report from AM Best, the rating agency has stated that it has maintained its market segment outlook for the US commercial lines segment at stable. The rating agency cited factors including the segments strong underwriting performance throughout the COVID-19 pandemic and amid the ongoing eco...

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Outsourcing 2.0 to the Rescue

Posted: Dec 11, 2022

Outsourcing 2.0 to the Rescue Operational Efficiency ClareCarroll1 Sun, 12/11/2022 - 23:16 Outsourcing has moved front and center as the P&C industry transforms to manage today’s new realities, but it has become much more sophisticated. ...

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Insurer Liable for COVID Shutdown of Tina Turner Play, New York Appellate Court Rules

Posted: Dec 09, 2022

Producers of a Broadway play based on the life of pop star Tina Turner, which was shut down because of COVID-19, may pursue its business-interruption claim despite a communicable disease exclusion in the policy, a New York appellate court ruled. …

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AmTrust: Mental Stress, Other Restaurant Injuries Up Since COVID

Posted: Dec 08, 2022

According to a new report by AmTrust Financial Services, while overall restaurant injuries are down, specific injuries, including crushing, fainting, inflammation, strains and mental stress, are up significantly compared to pre-pandemic numbers. Amtrust’s findings were based on nearly 170,000...

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Texas Dept. of Insurance Extends COVID Data Call

Posted: Dec 07, 2022

The Texas Department of Insurance, Division of Workers’ Compensation (DWC) announced it has extended its mandatory data call through December 2022 for certain information related to COVID-19 injuries reported to selected insurance carriers on or after December 1, 2019. DWC …

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A Near-Term Return to Underwriting Profit in Auto ‘Highly Unlikely’: AM Best

Posted: Dec 07, 2022

A Near-Term Return to Underwriting Profit in Auto ‘Highly Unlikely’: AM Best Apparently, nothing has changed within the last several months to change AM Best's negative outlook on the U.S. personal lines insurance segment. Gun-Related Deaths Reaching Unprecedented Levels: Study Firearm-related viole...

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COVID Infections Boost Heart-Related Deaths, Top Africa Health Insurer Says

Posted: Dec 07, 2022

Africa’s biggest health insurer said the number of heart-related deaths rose more than sixfold during the COVID-19 pandemic among the clients of one of its units. Discovery Employee Benefits, a unit of Johannesburg-based Discovery Ltd. that has more than half …

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Business Interruption Loss Trends

Posted: Dec 06, 2022

Business Interruption Loss Trends Commercial Lines ClareCarroll1 Tue, 12/06/2022 - 13:18 The corporate world is now so connected and complex that underwriters need to understand accumulations of exposures within corporate distribution and value...

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Pa. Court Splits on Whether Coverage Owed for COVID Shutdown

Posted: Dec 05, 2022

Pa. Court Splits on Whether Coverage Owed for COVID Shutdown A Pennsylvania appellate court ruled Wednesday that a dental practice was entitled to coverage for income lost because of the state's COVID-19 shutdown but a tavern was ...

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