Special Coverage: COVID-19

Ask the experts: The impact of COVID-19 on workers' compensation

Posted: May 07, 2020

Three industry experts answered audience questions regarding the impact of COVID-19 on workers' compensation.

Read Article

Buffett Says Berkshire Would Write Pandemic Insurance. That Is, If the Price Is Right.

Posted: May 07, 2020

The chairman of Berkshire Hathaway said that while his insurance units aren’t heavily exposed to underwriting losses from the COVID-19 pandemic, they would be willing to insure pandemics in the future. “The answer is we insure a lot of things. …

Read Article

Opinion: What If Public Employees Could Sue Government Over Covid-19?

Posted: May 07, 2020

Suppose you’re working in an essential industry and your employer hasn’t provided you with adequate personal protective equipment. Maybe you say to yourself, “Okay, there’s a shortage, they’re trying.” Then you discover that just a couple of years ago, your …

Read Article

Lawsuit Over Worker Safety at Smithfield’s Missouri Pork Plant Dismissed

Posted: May 07, 2020

A U.S. federal judge has dismissed a worker advocacy group’s lawsuit accusing Smithfield Foods Inc., the world’s largest pork processor, of failing to adequately protect employees from the novel coronavirus at a plant in Missouri. Smithfield is already taking many …

Read Article

Would Form of TRIA Work for Pandemics? by Bill Wilson

Posted: May 06, 2020

Currently, there is a movement by some industry personnel and legislators to expand the Terrorism Risk Insurance Act (TRIA) to include pandemics. There is a discussion draft of a bill, and a summary of that bill here. So, is a federal backstop program that is part of, or similar to, TRIA feasibl...

Read Article

Urban Institute: 25-43 million Americans could lose employer-based health coverage during pandemic

Posted: May 06, 2020

Between 25 and 43 million Americans could lose their employer-based health insurance if the unemployment rate hits 20% in the coming months, according to a new report from the left-leaning think tank the Urban Institute. Citing U.S. Department of Labor statistics, the report notes an estimated 160 m...

Read Article

Big ‘I’ Virtual Legislative Conference Issues Briefing to Focus on COVID-19

Posted: May 06, 2020

As the coronavirus pandemic is top of mind for both Big “I” members and those on Capitol Hill, it is the sole focus of next week’s conference and Wednesday’s issues briefing.

Read Article

New Congressional Letters Continue Retroactive Business Interruption Pushback

Posted: May 06, 2020

Members of the U.S. House of Representatives have issued two new letters joining the chorus of opposition to retroactive business interruption coverage for COVID-19 claims.

Read Article

Council of the District of Columbia Omit Retroactive Business Interruption Bill

Posted: May 06, 2020

The insurance measure was removed from an omnibus COVID-19 response bill after concerns were expressed about the legality of the draft and the adverse implications it would have, as well as the massive costs it would impose on the local insurance market.

Read Article

The push to digitize insurance amid COVID-19

Posted: May 06, 2020

Maybe finding new ways to serve your clients now helps show why what you do matters.

Read Article

Severe convective storms. Evolving risks call for innovation to reduce costs, drive resilience

Posted: May 06, 2020

Severe convective storms, which include thunderstorms, tornadoes and hail, are among the most common and damaging natural catastrophes in the United States. These storms were the costliest peril for insurers in 2019. The start of this year's convective storm season coincided with the shutdown of muc...

Read Article

California Governor Announces Workers’ Comp Presumption for COVID-19

Posted: May 06, 2020

California Gov. Gavin Newsom today announced that workers who contract COVID-19 while on the job may be eligible to receive workers’ compensation. The governor signed an executive order that creates a time-limited rebuttable presumption for accessing workers’ comp benefits applicable …

Read Article

Bill to boost aid to dependents of workers killed by COVID-19

Posted: May 06, 2020

A New Jersey lawmaker introduced a bill Monday to provide supplemental workers compensation benefits to the dependents of essential employees who dies from COVID-19 in the course of employment.

Read Article

Captive owners file pandemic claims, consider future coverage

Posted: May 06, 2020

Captive insurers are responding to COVID-19 property and business interruption claims and will likely play a greater role in writing pandemic risks as commercial insurance buyers grapple with tougher market conditions in the coming months, experts say.

Read Article

NCCI: Modest COVID-19 Infection Rates Will Still Be Costly

Posted: May 06, 2020

NCCI: Modest COVID-19 Infection Rates Will Still Be Costly If only 10 percent of health care workers contract COVID-19 and all of their claims are deemed compensable, workers' compensation loss costs for that sector could double or even triple in some ...

Read Article

Phishing Attacks Against Banks Jump With Pandemic Used as Lure

Posted: May 06, 2020

Cyber-attacks trying to trick bank employees to click on malicious links jumped in the first quarter, with criminals attempting to take advantage of fear and confusion caused by the coronavirus pandemic. While the so-called phishing campaigns, which surged by a …

Read Article

Viewpoint: Insurance Denials, Proposed Legislation Raise Concerns

Posted: May 06, 2020

The arrival and spread of COVID-19 has had significant and far-reaching social and economic impacts upon individuals and businesses throughout the United States. In an effort to curtail the spread of the virus, local and state authorities across the country …

Read Article

At Least 116 Oklahoma Meat Plant Workers, 240 in Texas Test Positive for Virus

Posted: May 06, 2020

At least 116 employees at an Oklahoma pork processing plant have tested positive for coronavirus, Seaboard Foods spokesman David Eahart said in a statement on May 4. Meanwhile, a surge of coronavirus cases in the Texas Panhandle, a crucial region …

Read Article

Law Firms Gather UK Plaintiffs to Sue Allianz Over Business Interruption Claims

Posted: May 06, 2020

Law Firms Gather UK Plaintiffs to Sue Allianz Over Business Interruption Claims Two law firms said on Tuesday they were gathering companies in Britain for a potential group lawsuit against German insurer Allianz for rejecting business interruption claims during the coronavirus ...

Read Article

Statistics

Global Stats

No stats available...

U.S. Stats

No stats available...

U.S. Cases by State

No stats available...