Special Coverage: COVID-19

Federal Coronavirus Business Interruption Suits Now Top 100; Many More Expected

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 …

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Prudential Group Insurance Leverages Strategic Partnerships to Improve User Experience

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.

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Saint Joseph's University wins 2020 risk management challenge

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.

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Triple-I CEO Tells U.S. House—Global Pandemics Are Uninsurable

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...

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Generali Sees Net Profit Plung Due to COVID-19-Related Investment Losses

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 ...

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Can Life Insurers Cover All COVID-19 Death Claims?

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...

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NOAA predicts above normal 2020 Atlantic Hurricane Season

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...

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Possible Virus Exposure Shut Louisiana OMV Office the Day it Reopened

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 …

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Florida Keys to Reopen to Visitors June 1

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 …

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What It’s Like Running Grocery Stores During Coronavirus

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 …

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US Roadway Death Rate Up in March Despite Virus Restrictions

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 …

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Uber Has Spent $19 Million on Coronavirus Financial Assistance for Drivers

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 …

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Telemedicine’s Fine, But What Happens When Injured Workers Don’t Have Access During a Pandemic?

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...

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COVID-19 Contact Tracing Apps Proving Not Much of a Help Thus Far

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 …

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Generali sees lower operating profit due to COVID crisis

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.

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Generali 1st Quarter Net Profit Plunges 84.8% on COVID-19 Investment Hit

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 …

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Embroker CEO calls for PPP loans to include commercial insurance premiums

Posted: May 21, 2020

The program was designed to help small businesses through the COVID-19 pandemic

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COVID-19 Wrap-Up:BI Coverage Continues to Make Headlines

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...

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When UK Insurers, Banks Emerge from Lockdown, Their Employees Face New Normal

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 …

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Empathy Can Help Employees Struggling to Work From Home

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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