Special Coverage: COVID-19
Posted: May 21, 2020
Twenty years ago, the National Council on Compensation Insurance began choosing a word or short phrase each year to describe the workers’ comp market. Advertisement For 2020, that word is vigilance. “It means that we won’t get distracted, said Bill Donnell, President and CEO of NCCI. “This pande...
Posted: May 21, 2020
A group of hospitality firms in the United Kingdom plan to sue insurers Aviva PLC and QBE Insurance Ltd. after failing to secure payouts following business interruption due to the coronavirus pandemic.
Posted: May 21, 2020
A report by U.S.-based accounting firm KPMG LLP predicted that India's real estate sector will lose 1 trillion Indian rupees ($13.3 billion) in the year ending March 31, 2021, due to the COVID-19 pandemic.
Posted: May 21, 2020
British insurer Aviva expects 160 million pounds ($195 million) in claims related to the coronavirus pandemic and weaker second quarter sales, it said on Thursday, as government lockdowns aimed at containing the virus hit the global economy. Insurers globally are …
Posted: May 21, 2020
As companies emerge from government-mandated COVID-19 shutdowns and begin re-opening, they will have to balance a desire to resume operations with the risk of a liability exposure from customers or employees who get sick and claim the business was to blame. In tomorrow’s fragile economic recovery,...
Posted: May 21, 2020
As Americans have driving less and covering fewer miles, the emptier roads have become more lethal. Preliminary data from the National Safety Council indicate a year-over-year 14% jump in fatality rates per miles driven in March, in spite of an …
Posted: May 21, 2020
As Americans have been driving less and covering fewer miles, the emptier roads have become more lethal. Preliminary data from the National Safety Council indicate a year-over-year 14% jump in fatality rates per miles driven in March, in spite of …
Posted: May 21, 2020
More than 11 million people have been tested in the U.S. for COVID-19, all with the assurance that their private medical information would remain protected and undisclosed. Yet, public officials in at least two-thirds of states are sharing the addresses …
Posted: May 21, 2020
The U.S. Labor Department will expand inspections of businesses to reduce job-site hazards related to the new coronavirus as employees begin returning to work across the country, although the policy falls short of demands by worker advocates. The revised policy, …
Posted: May 21, 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
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 20, 2020
P&C insurers are staying the course when it comes to their original digital and technology plans and investments for 2020. Many insurers report no changes to their plans, with some reshaping and a few accelerating, but very few pausing or retrenching. These are the big themes in SMA’s new research...
Posted: May 20, 2020
Americans’ appetite for retirement investment risk has been declining since the COVID-19 pandemic started messing with the markets, which could be good news for annuity products, according to a new study. One in four Americans say they have a lower risk tolerance for future retirement investments be...
Posted: May 20, 2020
As insurers assess and address challenges within their organizations, they are not only solving today’s issues, they are building a more resilient operating model for the future.
Posted: May 20, 2020
Some employers may face employment practices claims relating to how they have handled aspects of the employment relationship.
Posted: May 20, 2020
A new survey from ValuePenguin also reveals that U.S. consumers lost an average of $854 in nonrefundable travel costs.
Posted: May 20, 2020
We were prepared to manage a business interruption event. We did not expect a revenue interruption event.
Posted: May 20, 2020
The White House wants Congress to require hospitals and insurers to reveal the prices they negotiate for medical services as part of any additional round of coronavirus stimulus.
Posted: May 20, 2020
Workers compensation insurers, self-insured employers, the Special Fund and authorized claims processing representatives administering Arizona workers compensation claims may not deny COVID-19 claims without justification, according to a policy statement by the Industrial Commission of Arizona that...
Posted: May 20, 2020
California’s rebuttable presumption for COVID-19 acquisition for 16 categories of essential workers may likely cost the state $1 billion, but far less than earlier projections, according to a presentation of the California Workers Compensation Insurance Ratings Bureau’s actuarial committee on Tuesda...
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