Special Coverage: COVID-19
Posted: May 27, 2020
Massachusetts Governor Charlie Baker has implemented mandatory safety standards for workplaces to reduce the risk of COVID-19 transmissions as the state begins its phased reopening of businesses. All businesses in Massachusetts must develop a written plan for how they will …
Posted: May 27, 2020
Ship assessors are resorting to virtual inspections of oil tankers to keep vessels afloat, as the coronavirus pandemic makes physical visits to check for seaworthiness tougher and a slump in fuel demand increases the need for ships as storage. Oil …
Posted: May 27, 2020
SCOR CEO Takes 30% Bonus Cut; 2019 Dividend Scrapped on COVID-19 Crisis French reinsurer SCOR announced that its Chairman & CEO Denis Kessler will receive 30 percent less in his annual variable compensation for 2019, which is equal to €325,260 (US$354,333). In ...
Posted: May 27, 2020
This is the conclusion of my series of posts about the different bills that states have put forward to force insurance companies to provide business income coverage for losses related to COVID-19. Insurers look for other areas to write business, …
Posted: May 27, 2020
Employers are once again being asked to investigate positive cases of COVID-19 in the workplace and potentially record those cases for the U.S. Occupational Safety and Health Administration.
Posted: May 27, 2020
A report said that South Korea-based Samsung Electronics Co. Ltd.'s smartphone shipments plunged 18% year-over-year to 59 million units in the first quarter due to the coronavirus pandemic.
Posted: May 27, 2020
U.S.-based Financial Vanguard said that some Nigerian insurers have balked at paying COVID-19 pandemic-related business interruption claims due their interpretations of policy language.
Posted: May 27, 2020
As the global COVID-19 pandemic rolls on, carriers are continuing to offer rebates
Posted: May 27, 2020
The economic fallout of the COVID-19 pandemic is the top concern of risk managers and corporations in the next 18 months.
Posted: May 27, 2020
The novel coronavirus outbreak and economic fallout is proving to be a bonanza for whistleblower lawyers as the U.S. securities regulator cracks down on a range of related misconduct from companies touting sham cures to misuse of federal aid. The …
Posted: May 26, 2020
There is still much unknown about how deeply and pervasively the pandemic will affect the U.S. and global economies; however, a deep and long-lasting recession is now a foregone conclusion. The downstream effects of a recession will change the workers’ compensation market dramatically for years to...
Posted: May 26, 2020
The coronavirus pandemic is already changing the way that American businesses operate, at least temporarily. But look closely, and you can see the potential for long-lasting changes even after life returns to normal. One of these shifts might just mean the end of the traditional insurance offic...
Posted: May 26, 2020
Many companies that lack the proper training and understanding of the disinfection process are offering services they are ill-equipped to provide.
Posted: May 26, 2020
The so-called 'modern agency' is advancing past 'old school' operations in the COVID-19 era.
Posted: May 26, 2020
You may be tired of hearing about anything COVID-19 related. But despite many valiant efforts, an important question remains: Is COVID-19 a “black swan?” We must begin by defining a a “black swan” event. The concept was first coined by Nassim Taleb in his book The Black Swan. According to Taleb, a b...
Posted: May 26, 2020
This content is password protected. To view it please enter your password below: Password: The post Protected: COVID-19 Risks Threaten the Resiliency of Private Companies appeared first on Risk & Insurance.
Posted: May 26, 2020
Join the Coronavirus Survey for the Entire Property/Casualty Insurance Industry How is the coronavirus pandemic affecting you, your life, your work and your industry—now and going forward? No matter where you work in the P/C insurance industry, your experience is important. ...
Posted: May 26, 2020
The National Oceanic and Atmospheric Administration (NOAA) has predicted an above-normal hurricane season in terms of the total number of storms. Its 2020 Atlantic Hurricane Season Outlook calls for 13-19 named storms, 6-10 hurricanes, and 3-6 major hurricanes. This year, the COVID-19 pandem...
Posted: May 26, 2020
A shareholder has filed a putative class-action lawsuit against an animal products manufacturer and its directors and officers, charging them with issuing false and misleading information after it revised its earnings projections based on the COVID-19 pandemic.
Posted: May 26, 2020
A Georgia bankruptcy law firm sued its insurer last week seeking business interruption coverage for income it allegedly lost after courtrooms in the state were closed due to the COVID-19 pandemic.
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