Special Coverage: COVID-19
Posted: May 19, 2020
State safety regulators declined to inspect an Iowa pork plant after receiving a complaint alleging workers were exposed to the coronavirus in crowded conditions — a decision that critics said allowed a burgeoning outbreak to grow unabated. An April 11 …
Posted: May 19, 2020
Bill Mudge has been put in a unique position during the pandemic. He’s got a sizeable workforce he’s had to reconfigure and manage much differently, and he heads the bureau that regulators, employers and insurers in the largest state in …
Posted: May 19, 2020
Beazley, the Lloyd’s specialist insurer, announced it raised £247 million (approximately $300 million) in capital via an equity placement designed to strengthen its balance sheet as a result of the continuing uncertainty created by the COVID-19 crisis. During the first …
Posted: May 19, 2020
The insurance landscape will shift as regions begin to open up and small businesses come back online.
Posted: May 19, 2020
The new simplified issue term product features API capabilities, an advisor portal for tracking application (or applicant) status and commissions, and Haven Life's "seamless digital buying experience."
Posted: May 19, 2020
The daughter of a woman who died after contracting the coronavirus at a Portland long-term care facility filed a $1.8 million lawsuit Thursday claiming elder abuse. Angela Brown says her 75-year-old mother, Judith Jones, contracted coronavirus and died because of …
Posted: May 19, 2020
Carrier Groups Ready Proposal for Federal Pandemic Loss Fund–Not PRIA Property/casualty insurance industry carrier groups are working to develop a proposed federal program to replace revenues lost by businesses shut down during pandemics like COVID-19, but it won't be ...
Posted: May 19, 2020
Report changes sector outlook from stable to negative
Posted: May 19, 2020
Report revises sector outlook from stable to negative
Posted: May 19, 2020
COVID-19 has changed many aspects of our lives, so it isn’t surprising to see life insurance markets affected. But some stories create false impressions that should be corrected. The story that some life insurers are writing fewer policies “because of COVID-19” has gained traction in both traditi...
Posted: May 19, 2020
Carrier Groups Ready Proposal For Federal Pandemic Loss Fund–Not PRIA Property/casualty insurance industry carrier groups are working to develop a proposed federal program to replace revenues lost by businesses shut down during pandemics like COVID-19, but it won't be ...
Posted: May 19, 2020
Property/casualty insurance carrier groups are developing a proposal for a federal program to replace revenues lost by businesses shut down during pandemics like COVID-19, but their program won’t be modeled after the Terrorism Risk Insurance Act as some have urged. …
Posted: May 19, 2020
This year began with auto insurance buyers shopping around more than ever but by mid-March shopping began to slow down before returning to normal a few weeks later. According to the data firm LexisNexis, shopping has closely mirrored other pandemic …
Posted: May 19, 2020
Most insurance experts believe legislative proposals that would require insurers to cover business-interruption (BI) claims stemming from COVID-19 related shutdowns, even if the insurance policies exclude pandemic-related losses, threaten the solvency of the insurance industry. This is the findi...
Posted: May 19, 2020
Companies from Nationwide Mutual Insurance Co. to Twitter Inc. plan to allow some or all employees to continue working remotely even after COVID-19 restrictions are lifted and businesses reopen.
Posted: May 19, 2020
The economic fallout from COVID-19 dominates business concerns, with two-thirds identifying a prolonged global recession as a top risk, according to an analysis released Tuesday from the World Economic Forum.
Posted: May 19, 2020
Editor’s Note: Risk & Insurance is an affiliate of The Institutes, which offers the CPCU The COVID-19 pandemic has made it abundantly clear that risks are ever changing. In addition to assessing the risks of the pandemic, insurance professionals have to think about the ways in which it could affect...
Posted: May 19, 2020
Japan-based Panasonic Corp.'s net profit fell nearly 21% year-over-year to around 226 billion Japanese yen ($2.1 billion) in the financial year ended March 31, due to weak sales of home appliances and auto electronic parts as a result of the coronavirus pandemic.
Posted: May 19, 2020
Japan-based Subaru Corp.'s suspension of operations at plants in the United States and Japan in April due to the coronavirus pandemic resulted in a production loss of 150,000 vehicles.
Posted: May 19, 2020
The U.A.E. Insurance Authority is considering launching a stimulus package to support the insurance sector amid the COVID-19 pandemic.
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