Special Coverage: COVID-19

A.M. Best Says Stress Tests Show Most Insurers Can Handle Balance Sheet Pandemic Hit

Posted: May 18, 2020

A.M. Best Says Stress Tests Show Most Insurers Can Handle Balance Sheet Pandemic Hit Analysts at the AM Best ratings firm say their initial stress tests of insurance companies globally to gauge the preliminary impact from the COVID-19 pandemic on their financial strength found good ...

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COVID-19 Will Make Reinsurers Lose More Money in 2020: S&P

Posted: May 18, 2020

COVID-19 Will Make Reinsurers Lose More Money in 2020: S&P Reinsurers globally will lose money in 2020, a reality Standard & Poor's said COVID-19-related losses stand to make worse. What's more, the level of red ink could worsen substantially depending ...

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Roads are Safer, But Far from Safe

Posted: May 18, 2020

Traffic accidents have decreased with fewer cars on the road during the coronavirus pandemic, but speeding, negligent driving and pedestrian activity are on the rise.

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Roads Are Safer, But Far from Safe

Posted: May 18, 2020

Traffic accidents have decreased with fewer cars on the road during the coronavirus pandemic, but speeding, negligent driving and pedestrian activity are on the rise.

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Welcome to virtual property claims

Posted: May 18, 2020

In the age of COVID-19, technology provides the ultimate social distancing solution for customer service while keeping people safe.

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COVID-19 Risks Outlook: A Preliminary Mapping and its Implications

Posted: May 18, 2020

The world's top risk experts expect that a prolonged global recession is likely due to the coronavirus pandemic, according to this report. The fundamental unpreparedness of nations for pandemics is clear and shortcomings are also obvious in economic safety nets and international cooperation, with 50...

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COVID-19 suit alleges negligence by broker

Posted: May 18, 2020

A legal services firm sued its broker in addition to its insurer last week in a claims dispute over coronavirus-related losses.

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Get Ready for the New Healthcare Debate by Paul Carroll

Posted: May 18, 2020

While we all long for a return to normal once we tame the coronavirus, when it comes to healthcare in the U.S., we can’t go back to normal. “Normal” didn’t work. It will take a while for the new contours of healthcare and health insurance to appear, because the focus must stay for now on the acu...

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Amazon’s French Warehouses to Reopen After Ending Virus Safety Dispute with Workers

Posted: May 18, 2020

Amazon’s French warehouses are set to reopen on Tuesday with about 30% of employees, three union officials said, ending a month-long dispute over whether the e-commerce giant was doing enough to protect workers from the coronavirus pandemic. The U.S. retailer’s …

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California orders insurers to return premiums for reduced risk

Posted: May 18, 2020

California’s insurance commissioner issued an order Friday requiring insurers to return partial insurance premiums to consumers and businesses. This is the second such order issued to provide businesses with financial relief while shuttered due to the COVID-19 pandemic.

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North Dakota Insurance Commissioner Addresses COVID-19 Testing Coverage

Posted: May 18, 2020

North Dakota Insurance Commissioner Jon Godfread has issued a bulletin addressing coverage for COVID-19 testing in response to an executive order from Gov. Doug Burgum. The new bulletin builds an a previous bulletin in which health carriers and travel insurers …

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Triple-I Launches Campaign To Support Resiliency Of The Economy During The Coronavirus Pandemic

Posted: May 18, 2020

On May 18 the Insurance Information Institute (Triple-I) announced the launch of the Future of American Insurance & Reinsurance (FAIR) campaign. FAIR will focus on ensuring the insurance industry is able to sustain its longstanding role as the country’s backbone of economic growth and stability....

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Lawmakers in Minnesota, Wyoming pass COVID bills

Posted: May 18, 2020

Lawmakers in two states over the weekend were divided in passing COVID-19-related bills that would affect workers compensation benefits.

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Pandemic Stands to Complicate Potentially Bad Fire Season

Posted: May 18, 2020

DURANGO, Colo. — As if Southwest Colorado’s extreme drought wasn’t enough to raise concerns about a potentially destructive wildfire season, the added complications of the coronavirus have only fueled that anxiety. The COVID-19 outbreak demands people isolate as much as …

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Purell’s Claim to Combat Disease Spurs Demand — and Lawsuits

Posted: May 18, 2020

Everyone’s favorite hand sanitizer may have to stand trial for claiming it can stop you from getting sick. A trio of lawsuits has hit Purell’s maker, Gojo Industries Inc., since the World Health Organization declared the coronavirus outbreak a public …

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A.M. Best: Global Insurance Market Is Well Capitalized in the Face of COVID-19

Posted: May 18, 2020

Global insurers are well capitalized to absorb the hit from rising claims and costs related to the COVID-19 pandemic, ratings agency AM Best said on Monday, citing a stress test it conducted to gauge the immediate impact of outbreak on …

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State, Local Lockdown Measures Reduced U.S. COVID-19 Cases by 34 Million: Study

Posted: May 18, 2020

State, Local Lockdown Measures Reduced U.S. COVID-19 Cases by 34 Million: Study Without the lockdown measures taken by state and local governments, the number of U.S. coronavirus cases would have been 35 times higher, says a new study published in Health Affairs. The study ...

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AM Best’s Stress Testing Indicates Most Insurers Can Withstand Pandemic Hit

Posted: May 18, 2020

Analysts at the AM Best ratings firm say their initial stress tests of insurance companies globally to gauge the preliminary impact from the COVID-19 pandemic on their financial strength found good news: “most insurers’ capital levels provided an adequate buffer …

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China Urges Local Firms to List in London with China Pacific Insurance as One of First

Posted: May 18, 2020

China is urging domestic companies to look at listing in London, several sources told Reuters, as the country aims to revive deals under a Stock Connect scheme and strengthen overseas ties in the wake of the coronavirus crisis. The Shanghai-London …

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China Urges Local Firms to List in London with China Pacific Insurance Leading the Pack

Posted: May 18, 2020

China is urging domestic companies to look at listing in London, several sources told Reuters, as the country aims to revive deals under a Stock Connect scheme and strengthen overseas ties in the wake of the coronavirus crisis. The Shanghai-London …

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