Special Coverage: COVID-19
Posted: May 11, 2020
This is one of 'hundreds, if not thousands, of lawsuits' filed by businesses in Pennsylvania seeking to recover losses.
Posted: May 11, 2020
The U.S. Department of the Treasury on Friday said officials have concerns about proposals to compel insurers to pay business interruption losses arising from the COVID-19 pandemic.
Posted: May 11, 2020
This content is password protected. To view it please enter your password below: Password: The post Protected: Helping Clients Navigate Covid-19 With A Consultative Approach and Clinical Solutions appeared first on Risk & Insurance.
Posted: May 11, 2020
Commercial Insurers Likely to Endure Major Losses Through Much of 2021: Fitch While insurance rates have risen for nine consecutive quarters due to large catastrophe losses and accelerating claims inflation, Fitch Ratings expects that technical profits won't be seen until the ...
Posted: May 11, 2020
In 1970, economist Milton Friedman published an idea that has driven capitalism for the last half-century: The only responsibility of a corporation is to generate profits for shareholders. That sole focus has produced distortions that have made many, including senior executives, increasingly unc...
Posted: May 11, 2020
LONDON/WASHINGTON — Hackers linked to Iran have targeted staff at U.S. drugmaker Gilead Sciences Inc in recent weeks, according to publicly-available web archives reviewed by Reuters and three cybersecurity researchers, as the company races to deploy a treatment for the …
Posted: May 11, 2020
The coronavirus battle and the world oil glut could cost cities, parishes and school boards in Louisiana anywhere from $404 million to $1.1 billion over two fiscal years, the state’s Legislative Auditor’s Office said on May 7. Business shutdowns and …
Posted: May 11, 2020
EU Regulator Urges National Governments to Provide Insurance for Future Lockdowns National governments must help provide insurance cover for future lockdowns, the industry's European Union regulator said on Monday, as the private sector cannot afford to provide such broad coverage ...
Posted: May 11, 2020
Before the coronavirus outbreak, Saundra Andringa-Meuer was a healthy 61-year-old mother of six who never smoked or drank alcohol. Then she became seriously ill with the disease after traveling from her Wisconsin home to help her son move from college …
Posted: May 11, 2020
NASHVILLE, Tenn. — The names and addresses of Tennesseans who have tested positive for COVID-19 are being provided to first responders, law enforcement and paramedics under a state agreement deemed necessary to help prevent the spread of the coronavirus. The …
Posted: May 11, 2020
California Gov. Gavin Newsom is warning three counties that they could lose disaster funding if they continue to defy his stay-at-home order. Officials in Yuba, Sutter and Modoc counties have all allowed businesses to reopen because they have fewer coronavirus …
Posted: May 11, 2020
InsurTech CEO COVID Survival Guide: ‘Work for the Best; Plan for the Worst’ The challenge of delivering operating profits for investors while anticipated revenues tumble from COVID-19 lockdowns is as real for InsurTechs as it is for mature companies, the chief executive of ...
Posted: May 11, 2020
National governments must help provide insurance cover for future lockdowns, the industry’s European Union regulator said on Monday, as the private sector cannot afford to provide such broad coverage on its own. Countries have introduced lockdowns to fight the coronavirus …
Posted: May 11, 2020
States that are reopening their economies even as cases of Covid-19 are still rising are threatening their own residents and the whole country. But they are also running into two challenges that all states will face: Employees don’t want to …
Posted: May 11, 2020
The family of a beef plant worker who died because of the coronavirus has brought a wrongful death lawsuit in a Philadelphia court against JBS SA, the world’s biggest meat company. Ferdinand Benjamin filed the suit on Thursday after his …
Posted: May 11, 2020
S&P Predicts Failure for COVID-19 Business Interruption Retroactive Coverage Efforts Standard & Poor's said it does not expect state legislators to succeed in their efforts to retroactively expand business interruption insurance coverage for COVID-19-related losses. The reason: ...
Posted: May 11, 2020
Allianz SE is facing lawsuits over COVID-19 business interruption claims in the United Kingdom.
Posted: May 11, 2020
Australia-based Suncorp Group Ltd.'s insurance division took a $205 million Australia ($134 million) hit from coronavirus-induced market volatility in the first quarter.
Posted: May 11, 2020
The British Tourist Authority expects the events industry to lose £58 billion ($72 billion) this year due to the COVID-19 pandemic.
Posted: May 11, 2020
The coronavirus in Japan has brought not just an epidemic of infections, but also an onslaught of bullying and discrimination against the sick, their families and health workers. A government campaign to raise awareness seems to be helping, at least …
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