Special Coverage: COVID-19

COVID-19 Fallout: Pressure Grows for Workers Comp Federal Backstop

Posted: May 14, 2020

COVID-19 Fallout: Pressure Grows for Workers Comp Federal Backstop An executive order by California Gov. Gavin Newsom last week is the most aggressive yet among the directives issued by 13 states that require workers compensation insurers to pay at least some ...

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Multiple InsurTech Consolidation Pressures Are Underway: Brewer Lane’s Notaras

Posted: May 14, 2020

Multiple InsurTech Consolidation Pressures Are Underway: Brewer Lane’s Notaras Before the coronavirus pandemic, observers were expecting InsurTech startups to begin a consolidation process as they matured and looked at long-term viability. In the COVID-19 era, mergers and ...

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State Crashes During COVID-19 are More Fatal

Posted: May 14, 2020

  FOR IMMEDIATE RELEASE May 13, 2020 CONTACT:  Carey Anne Nadeau Lanaya Nelson 860-670-0117 [email protected] CRASH ATLAS REVEALS MOTOR VEHICLE CRASH FATALITIES ARE A SIDE EFFECT OF CORONAVIRUS   NEW...

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Sony's profit plummet amid pandemic

Posted: May 14, 2020

Japan-based Sony Corp.'s profit fell 86% year-over-year to nearly 13 billion Japanese yen ($121 million) in the first quarter as the COVID-19 pandemic delayed music and movie releases and disrupted product supply chains.

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Pandemic tans leather industry’s hide

Posted: May 14, 2020

Ramesh Juneja, regional chairman of Indian Council of Leather Exports, has said that the COVID-19 pandemic could cost the local leather industry $1.5 billion in lost exports.

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Cyber attacks hit coronavirus hospital construction firms

Posted: May 14, 2020

Two companies involved in constructing emergency coronavirus hospitals in the United Kingdom have been hit by cyber attacks this month.

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ASHRM’s 2020 President Talks Career, COVID-19’s Impact on the Health Care Industry, and More

Posted: May 14, 2020

R&I: What was your first job? I was a cytotechnologist working in a hospital laboratory. A cytotechnologist is a lab technician who looks at cells under a microscope to determine if there are morphological changes that indicate cancer or pre-cancerous conditions. I was fortunate that I worked in a...

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Customers were ready for a new insurance experience even before coronavirus

Posted: May 14, 2020

Capgemini’s World Insurance Report revealed that trends were already heavily leaning toward digital before the COVID-19 crisis changed behavior further.

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Lloyd’s Expects US$4.3B in COVID-19 Claims – On Par with Costs of 9/11 Terror Attacks

Posted: May 14, 2020

Lloyd’s of London revealed it will pay claims in the range of $3 billion to $4.3 billion as a result of the COVID-19 pandemic. Lloyd’s said this payout is on a par with the Sept. 11 terrorist attacks, which cost …

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Lloyd's market reveals huge coronavirus payout to customers

Posted: May 14, 2020

Get ready for the industry to be stung - it's a massive figure

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23 Killed of COVID-19 in Alabama Veterans Nursing HOme

Posted: May 14, 2020

About two dozen people have died at an Alabama veterans nursing home because of COVID-19, the illness caused by the new coronavirus, the state said Tuesday. The Alabama Department of Veterans Affairs said in a statement the 23 deaths occurred …

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Social distancing and telehealth: The impact of the coronavirus

Posted: May 14, 2020

Telehealth providers need to ensure their coverage bridges a range of risks, including burgeoning cyber liabilities.

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Fitch Sees Little Stress on Insurer Ratings From Pandemic. Thus Far.

Posted: May 14, 2020

Having reviewed 70% of all of the North American insurers it rates for the effects of the coronavirus and economic downturn, Fitch Ratings has affirmed the ratings of 72% of the carriers with stable outlooks. Only 4% have been downgraded. …

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Reality Check: May is Disability Insurance Awareness Month

Posted: May 13, 2020

This year the coronavirus pandemic has taken center stage, but that doesn’t mean May isn’t still Disability Insurance Awareness Month. Each year, LIMRA joins Life Happens, which created and coordinates the DIAM campaign, along with others in the insurance industry, to raise awareness about the impor...

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House Democrats Release $3 Trillion COVID-19 Relief Package

Posted: May 13, 2020

Included in the package are several Big "I" priorities, including fixing an issue with the Paycheck Protection Program that excluded 501(c)(6) organizations from accessing loans.

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Rep. Bustos: Independent Agents Crucial to Weather the Storm

Posted: May 13, 2020

Rep. Cheri Bustos (D-Illinois) reminded viewers of the important role that independent insurance agents and brokers must play in the coronavirus pandemic.

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