Special Coverage: COVID-19
Posted: May 08, 2020
The financial toll of the COVID-19 pandemic has been top of mind this week, as insurers and brokers continued to assess how their businesses will be hit. Meanwhile, M&A activity picked up with a $200M+ deal.
Posted: May 08, 2020
Three cruise lines said this week they are canceling sailings to Alaska this summer, citing travel and other restrictions linked to coronavirus concerns. Two of the companies, Princess Cruises and Holland America Line, had previously announced sharply reduced plans for …
Posted: May 08, 2020
Coronavirus-related insurance litigation is likely to move beyond business interruption coverage and into workers comp and general liability policy lines as states begin to lift restrictions on economic activity. “There’s just going to be a bloodbath of litigation over the next 10 years,” for...
Posted: May 08, 2020
Overall funding for insurtech investments decreased by 54% during the first quarter as a result of the COVID-19 crisis, compared to a record high in Q1 last year, according to a report from Willis Towers Watson. Nevertheless, insurtech companies still …
Posted: May 08, 2020
Whether business interruption coverage in property policies applies to COVID-19-related losses has become one of the dominant insurance debates during this pandemic. Lawsuits have been filed – some even before insurers have denied a claim – seeking to establish that policyholders are entitled to...
Posted: May 08, 2020
The White House shelved a step-by-step guide prepared by U.S. health officials to help states safely reopen mass transit, restaurants, daycare centers and other public places closed by the coronavirus pandemic, an administration official said on Thursday. The 17-page document …
Posted: May 08, 2020
Spain-based insurer Mapfre SA has allocated €60 million ($65 million) to provide clients automatic discounts on the renewal of their professional insurance amid the COVID-19 pandemic.
Posted: May 08, 2020
The U.K.'s Prudential Regulation Authority will put its insurance company stress tests on hold during the COVID-19 pandemic.
Posted: May 08, 2020
For more than 20 years, DMEC has recognized May’s Mental Health Awareness Month. We even dedicate a full edition of DMEC’s @Work magazine to this topic. This year’s Mental Health Month is like no other in my lifetime. The coronavirus pandemic, the stay-at-home directives to contain it and the econom...
Posted: May 08, 2020
We discover a new contagious killer virus. What does risk management tell us to do? Contain it. By quickly identifying and isolating the sick, we cut off the virus’ ability to spread. From this relatively small pool of people, we do our best to treat the sick, some recover and sadly some we bury....
Posted: May 08, 2020
Britain’s Financial Conduct Authority (FCA) aims to get business interruption insurance policies examined by a court as soon as July, a member of a policyholder action group said on Thursday. The Hiscox Action Group, which is seeking to sue Hiscox …
Posted: May 08, 2020
Back in mid-March, I wrote a piece titled COVID-19: Implications for Insurers. Two of the questions with longer-term implications that I suggested senior executives should consider were: Do we need to reduce our reliance on people being co-located, by re-considering office infrastructure strateg...
Posted: May 08, 2020
Read this, and you’ll be on your way to knowing more than 99% of what anyone else in insurance knows about a topic that’s attracting a lot of interest. That makes you an expert, in my opinion. The debate is heating up just now about who should pick up the cost for messy losses — the kind that ar...
Posted: May 08, 2020
While Detroit automakers’ unionized auto factories have been idled by the coronavirus pandemic, farm and construction equipment makers Deere and Caterpillar have won the support of the United Auto Workers and other unions to run their facilities during the pandemic. …
Posted: May 08, 2020
While Detroit automakers’ unionized auto factories have been idled by the coronavirus pandemic, farm and construction equipment makers Deere and Caterpillar have won the support of the United Auto Workers and other unions to run their facilities during the pandemic. …
Posted: May 08, 2020
COVID-19 and the onset of a deep global recession are reshaping every corner of workers’ compensation, from legal issues surrounding coverage to the delivery of care to injured workers. Some of the changes can be anticipated based on prior recessions. …
Posted: May 07, 2020
The COVID-19 crisis hasn't changed the number-one priority for brokers and insurers — serving clients.
Posted: May 07, 2020
The number of new cases fell in many states but increased in some.
Posted: May 07, 2020
FERMA Forms Task Force to Address Business Interruption Cover Challenges for Catastrophic Risks The Federation of European Risk Management Associations (FERMA) announced the launch of a task force to create proposals to address the issue of business interruption coverage for catastrophic risks. ...
Posted: May 07, 2020
Auto insurance refunds U.S. auto insurers will return over $10 billion to their customers nationwide, according to an Insurance Information Institute estimate, in response to reduced driving during the pandemic. We’ve listed many of the companies that are offering refunds here and here. Th...
Statistics
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U.S. Stats
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U.S. Cases by State
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