Special Coverage: COVID-19

State attorneys general ask Amazon for COVID-19 data

Posted: May 12, 2020

A group of 13 state attorneys general asked Amazon.com on Tuesday to provide data on coronavirus-linked infections and deaths among its workforce, along with evidence of the company's compliance with paid sick leave laws.

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Pandemic changes M&A talks but broker deals still happening

Posted: May 12, 2020

The coronavirus pandemic is changing some of the dynamics of broker mergers and acquisitions, but deals will continue to be made amid the outbreak, according to Marc Cohen, president and CEO of Hub International Ltd.

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U.S. Treasury weighs in on debate surrounding business interruption insurance

Posted: May 12, 2020

The U.S. Treasury Department issued a letter to members of Congress on May 8 which argued that proposals to force insurers to retroactively change business interruption (BI) policies to pay losses arising from the COVID-19 pandemic threaten the ability of the industry to serve policyholders and migh...

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Viewpoint: To Restart Business, Protect Workers

Posted: May 12, 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 …

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Workers at West Virginia Poultry Processing Plant to be Tested for Virus

Posted: May 12, 2020

The West Virginia National Guard will assist in conducting tests for the coronavirus starting Monday at a poultry processing plant in a small county where cases have increased, authorities said. Testing at the Pilgrim’s Pride plant of about 940 workers …

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Study: Pandemic Leaves 1 in 4 Unemployed in New Orleans

Posted: May 12, 2020

One out of every four workers in New Orleans is without a job because of the coronavirus pandemic, according to a study by the University of Louisiana Lafayette. The study found unemployment in New Orleans is the highest in the …

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Okla. Senate passes bill to protect firms from virus lawsuits

Posted: May 12, 2020

A Republican bill that would protect businesses from lawsuits arising from the COVID-19 pandemic passed the Oklahoma Senate on Tuesday.

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Allianz Solvency Ratio Dealt Disruption From COV-19 Crisis Costs

Posted: May 12, 2020

Allianz Solvency Ratio Dealt Disruption From COV-19 Crisis Costs German insurer Allianz said on Tuesday that a key measure of capital may fall below the company's target floor level as it faces claims for disruption caused by the coronavirus crisis. Allianz, which ...

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Insurers Must Re-Think Pandemic Response or Risk Reputational Damage: UK’s Airmic

Posted: May 12, 2020

Airmic, the UK association for risk and insurance professionals, has urged the insurance market to adopt a more responsible and business sensitive position on the COVID-19 pandemic or risk long-term damage to trust and reputation and loss of customers. “With …

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UK Financial Services Firms Weigh Options for Post-Coronavirus Work Arrangements

Posted: May 12, 2020

Many of the City of London’s bankers and traders will be working from their kitchens or bedrooms for at least a year under some scenarios being planned by finance companies in Britain. Banks, insurance companies and asset managers have had …

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Webinar: Back to work in a time of COVID-19

Posted: May 12, 2020

Business Insurance will be continuing its workers compensation webinar series May 21 with a panel discussion on what employers need to know about getting workers back on the job as the COVID-19 pandemic continues to unfold.

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Commercial Insurance Rates in Q1 Rise 14%, Even Before Impact of COVID-19: Marsh

Posted: May 12, 2020

Global average commercial insurance prices increased 14% in the first quarter of 2020 – but the rate hikes were not due to the COVID-19 pandemic, according to insurance broker Marsh in its quarterly Global Insurance Market Index. Although the COVID-19 …

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Allianz solvency ratio may drop below target amid pandemic

Posted: May 12, 2020

German insurer Allianz said Tuesday that a key measure of capital may fall below the company's target floor level as it faces claims for disruption caused by the coronavirus crisis.

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11 Ways the COVID-19 Pandemic Has Impacted Businesses and Communities

Posted: May 12, 2020

The post 11 Ways the COVID-19 Pandemic Has Impacted Businesses and Communities appeared first on Risk & Insurance.

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Bringing select workers back carries litigation risks: Experts

Posted: May 12, 2020

Employers that are inviting select employees to return to work after COVID-19 shutdowns must tread carefully to avoid potential discrimination claims, experts say.

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Pandemic costs fashion and textile industry nearly $4 billion

Posted: May 12, 2020

Research by Italian federation Confindustria Moda found that the COVID-19 pandemic cost the local fashion and textile industry more than €3.5 billion ($3.8 billion) in revenue in the first quarter.

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Pandemic cuts deep at Fiat Chrysler

Posted: May 12, 2020

U.K.-based Fiat Chrysler Automobiles NV reported a loss of nearly $2 billion in the first quarter, compared with a profit of $679 million in the first quarter of last year, due to a steep decline in car sales during the COVID-19 pandemic.

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Small Businesses See Coronavirus Effect Lasting 12-16 Months

Posted: May 12, 2020

Eighty-one percent of small U.S. companies surveyed by Veem, a global payments network, expect the new coronavirus pandemic to affect their business over the next 12-16 months, and nearly 90% are bracing for an economic slowdown, the company said Monday. …

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Here’s How Marsh Power Broker Julie Polera Irons Out Mergers and Acquisitions

Posted: May 12, 2020

When Julie Polera began her college years at Northeastern University in Boston as a psychology major, little did she know her career path would lead her to become vice president of private equity, mergers and acquisitions at Marsh.   Advertisement “My strategy after graduation was to be accepted...

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Commercial insurance prices up 14% globally – Marsh

Posted: May 12, 2020

Prices were already on the rise before any meaningful impact from COVID-19, it says

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Statistics

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U.S. Cases by State

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