Special Coverage: COVID-19
Posted: May 22, 2020
A federal court has received notice that 101 lawsuits have been filed as of Wednesday seeking coverage from insurers for business interruption losses caused by COVID-19. Plaintiffs attorneys say they expect the number to rise into the thousands. “Ultimately, I …
Posted: May 21, 2020
Partnerships with PlanSource, Empyrean and Businessolver will make it easier for both employers and employees to manage benefits while working from home, particularly as more individuals look to tap into products that provide financial support amid the COVID-19 pandemic.
Posted: May 21, 2020
In light of COVID-19, teams were asked to develop a strategy to bring students back to campus for the fall semester.
Posted: May 21, 2020
On May 21, Triple-I CEO Sean Kevelighan testified before the U.S. House of Representatives’ Small Business Committee on the subject of business interruption coverage. Since the outbreak of COVID-19, some legislators and advocates have pushed for policies that would retroactively force insurer...
Posted: May 21, 2020
Generali Sees Net Profit Plung Due to COVID-19-Related Investment Losses Generali's first quarter net profit plunged 84.8 percent to €113 million ($124 million) from €744 million ($815.5 million) reported in Q1 2019, as a result of the impact of the COVID-19 pandemic ...
Posted: May 21, 2020
Will life insurers be able to pay all the death claims attributable to COVID-19 that come on top of claims for deaths not directly related to the pandemic? Triple-I chief economist Dr. Steven Weisbart says they can. How many additional death claims will COVID-19 cause? As of this wr...
Posted: May 21, 2020
The National Oceanic and Atmospheric Administration (NOAA) predicts an above-normal hurricane season in terms of the total number of storms. NOAA’s 2020 Atlantic Hurricane Season Outlook calls for 13-19 named storms, 6-10 hurricanes, and 3-6 major hurricanes. An early forecast by the Univer...
Posted: May 21, 2020
Coronavirus fears closed a Louisiana Office of Motor Vehicles location near New Orleans the same morning that it reopened after a two-month pandemic closure. The office in Harvey was notified that someone in the building might have been in contact …
Posted: May 21, 2020
The Florida Keys will reopen to tourists on June 1, more than two months after the island chain closed to visitors to minimize the spread of the coronavirus. Checkpoints that barred visitors from coming into the Florida Keys will be …
Posted: May 21, 2020
After taking the reins of Sprouts Farmers Market Inc. last year, Jack Sinclair set out a clear vision for how to revive a grocery chain that had seen growth stall. The chief executive officer, who previously ran Walmart’s U.S. grocery …
Posted: May 21, 2020
DETROIT — The rate of fatal automobile crashes in the U.S. jumped dramatically in March, even though the number of miles driven plummeted due to coronavirus stay-home orders. The National Safety Council said Wednesday that based on preliminary figures from …
Posted: May 21, 2020
Uber Technologies Inc on Thursday for the first time detailed how much it has spent to support its ride-hail drivers and food delivery workers during the coronavirus crisis, which has battered the company and forced it to lay off thousands …
Posted: May 21, 2020
During a recent webinar, Kimberly George, senior vice president of corporate development, M&A and healthcare for Sedgwick, posed a question that is on many workers’ comp professional’s minds: “With clinics closed, hospitals not allowing elective surgeries, and such, how do our injured workers get th...
Posted: May 21, 2020
Harnessing today’s technology to fight the coronavirus pandemic is turning out to be more complicated than it first appeared. The first U.S. states that rolled out smartphone apps for tracing the contacts of COVID-19 patients are dealing with technical glitches …
Posted: May 21, 2020
Italy's biggest insurer, Generali, expects its operating profit to be “resilient” this year, but to fall short of last year due to the COVID-19 pandemic, it said on Thursday.
Posted: May 21, 2020
Generali’s first quarter net profit plunged 84.8% to €113 million (US$124 million) from €744 million (US$815.5 million) reported in Q1 2019, as a result of the impact of the COVID-19 pandemic on financial markets. The hit to its Q1 net …
Posted: May 21, 2020
The program was designed to help small businesses through the COVID-19 pandemic
Posted: May 21, 2020
From new litigation to proposed legislation, debate over whether insurers should be required to pay for business losses related to the coronavirus pandemic remain in the news. Restaurants Sue Insurers Over Business Interruption Claims Proprietors of more than 10 restaurants, bars, and b...
Posted: May 21, 2020
Limits on elevators, thermal imaging and temperature checks will greet a first wave of traders and bankers in Britain preparing to return to offices under new norms to tackle the coronavirus. Britain’s financial sector is working to bring staff back …
Posted: May 21, 2020
Empathy Can Help Employees Struggling to Work From Home After the coronavirus pandemic hit, legions of workers and managers started working at home, leaving familiar office environments behind. Some employees may struggle with the isolation and ...
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