Special Coverage: COVID-19

Texas to Test Everyone in Nursing Homes as COVID-19 Deaths Rise

Posted: May 13, 2020

Gov. Greg Abbott has ordered coronavirus testing for all Texas nursing home residents and staff after the White House urged the nation’s governors to do so as deaths mount nationwide. The directive by Abbott, a Republican, to state health officials …

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Workers Protest Virus Outbreak at Minnesota Poultry Plant

Posted: May 13, 2020

Workers have protested what they consider dangerous working conditions at the Pilgrim’s Pride chicken processing plant in the central Minnesota town of Cold Spring, site of one of the largest COVID-19 workplace outbreaks in the state. State officials confirmed 194 …

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Louisiana Opening Up with Fewer Virus-Related Restrictions

Posted: May 13, 2020

Saying Louisiana has made significant strides in combating the COVID-19 outbreak, Gov. John Bel Edwards announced that he will begin loosening restrictions on churches, restaurants, salons and gyms, moving the state away from a “stay-at-home” position he enacted in late …

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North Dakota State Fair Cancelled for 2020 Due to Coronavirus

Posted: May 13, 2020

The North Dakota State Fair is the latest casualty of the coronavirus outbreak, as the number of cases and deaths in the state continue to rise. Fair officials announced they’re calling off the event because of uncertainty over the pandemic. …

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US accuses China-linked hackers of stealing COVID research

Posted: May 13, 2020

China-linked hackers are breaking into American organizations carrying out research into COVID-19, U.S. officials said on Wednesday, warning both scientists and public health officials to be on the lookout for cyber theft.

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Workplace Worries Mount as US Tracks New COVID-19 Cases

Posted: May 13, 2020

NEW YORK — Even as President Donald Trump urges getting people back to work and reopening the economy, thousands of new coronavirus infections are being reported daily, many of them job-related. Recent figures show a surge of cases in meat-packing …

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COVID-19: The catalyst for solving the insurance industry talent gap?

Posted: May 13, 2020

The looming talent shortage in the insurance industry was a hot topic prior to COVID-19, and the rush to digitize since could be key to narrowing the gap. The stats...

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Virus Unleashes Wave of Fraud in US Amid Fear and Scarcity

Posted: May 13, 2020

WASHINGTON — A 39-year-old former investment manager in Georgia was already facing federal charges that he robbed hundreds of retirees of their savings through a Ponzi scheme when the rapid spread of COVID-19 presented an opportunity. Christopher A. Parris started …

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Tips to SEC surge amid pandemic: Official

Posted: May 13, 2020

The U.S. Securities and Exchange Commission has handled a surge in tips, complaints and referrals and opened hundreds of new probes since mid-March despite being forced to work remotely due to the coronavirus outbreak, an official said on Tuesday.

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Britain offers to guarantee trade credit insurance during pandemic

Posted: May 13, 2020

Britain said on Wednesday it would temporarily guarantee business-to-business transactions until December for companies struggling to pay trade credit insurance during the coronavirus pandemic.

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Coronavirus Health Effects Could Last for Years for Some Survivors

Posted: May 13, 2020

More than one million people around the world have been deemed recovered from the coronavirus, but beating the initial sickness may be just the first of many battles for those who have survived. Some recovered patients report breathlessness, fatigue and …

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Debate Over Business Liability in Pandemic Turns to OSHA Regulation, CDC Guidelines

Posted: May 13, 2020

Congressional Republicans have made liability protection for employers a nonnegotiable demand in any new coronavirus stimulus, but Senator Lindsey Graham, an ally of President Donald Trump, says that regulators have a role to play in the workplace. The government must …

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Comp sector well-positioned for COVID-19 fallout: NCCI

Posted: May 13, 2020

Years of profitable underwriting and healthy reserves in 2019 in the workers compensation sector will help the industry weather coronavirus-related claims and lower premium in the coming months, officials with the National Council for Compensation Insurance said Tuesday.

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COVID-19 costs China's retail industry more than $420 million

Posted: May 13, 2020

Vijay Bhupathiraju, retail analyst at U.K.-based data analytics firm GlobalData PLC, said that the COVID-19 pandemic has cost the Chinese retail industry 3 trillion Chinese yuan ($423 billion) in lost sales.

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Pandemic to cost Arab nations $323 billion

Posted: May 13, 2020

Hamdi Al-Tabba, head of the Arab Businessmen Union, said that Arab nations could lose nearly $323 billion due to the COVID-19 pandemic.

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Insurers' recapitalization deadline could be extended again

Posted: May 13, 2020

Eddie Efekoha, president of the Chartered Insurance Institute of Nigeria, expects the deadline for insurers to recapitalize to be extended further due to the COVID-19 pandemic.

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COVID-19’s Unprecedented Impact on the Workforce: How Employers Can Help Employees Adapt

Posted: May 13, 2020

COVID-19 ushered in an unprecedented era of workforce management. In the span of a few weeks, companies emptied offices, scrambled to introduce remote work plans, and devised ways to keep employees engaged and productive as they worked full days in pajamas. Advertisement Meanwhile, companies had...

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A Pandemic Insurance Backstop Needs to Happen. We’re Looking at You, Congress

Posted: May 13, 2020

As COVID-19 wreaks havoc on the U.S. economy, American businesses are closing their doors and laying off workers in record numbers. Many have now discovered they’re left with significant losses as most policies do not cover losses from mandated government closures due to a pandemic.  Advertisement...

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UK Government to Create Temporary Reinsurance Backstop for Trade Credit Insurance

Posted: May 13, 2020

The UK Treasury announced it is creating a government-backed temporary reinsurance scheme so businesses can continue to access trade credit insurance during the COVID-19 crisis. The scheme will be delivered through a reinsurance agreement with trade credit insurers currently operating …

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Are the next big insurtech ideas being formed now?

Posted: May 13, 2020

The coronavirus crisis has halted regular development cycles and thrown potential entrepreneurs out of their comfort zone.

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