Special Coverage: COVID-19
Posted: May 06, 2020
Louisiana’s chief insurance regulator wants insurers to consider offering premium relief to their commercial auto insurance customers due to the impact of the Coronavirus pandemic. Insurance Commissioner Jim Donelon has called on insurers to consider returning a percentage of premium …
Posted: May 06, 2020
Florida partially reopened Monday, allowing restaurants and shops in most of the state to open at 25% capacity in hopes of kick-starting the ailing economy after weeks of coronavirus-related shutdowns. Business owners and customers reacted with emotions ranging from elation …
Posted: May 06, 2020
Social distancing means keeping space between yourself and other people outside your home.
Posted: May 06, 2020
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 states, according to an analysis by the National …
Posted: May 06, 2020
Insurer Allstate Corp. will likely grant an additional rebate to auto insurance customers due to reduced driving during the coronavirus outbreak, Chief Executive Officer Tom Wilson said in an interview on Tuesday. A second round of rebates would be tailored …
Posted: May 06, 2020
Business interruption insurance has been a much-debated topic during the coronavirus crisis, with some businesses already pushing back against virus-related claim denials. In several cities, groups of businesses have filed lawsuits challenging virus exclusions in their business interruption policies...
Posted: May 06, 2020
A popular seafood restaurant chain that has been shuttered by the coronavirus and restrictions on dining has gone to court to get its insurer to pay for its business interruption losses. It believes its insurer is obligated in part because …
Posted: May 05, 2020
While the potential cost of relaxing a tenet of the workers’ compensation system to deal with extraordinary circumstances of COVID-19 could top $50 billion, it’s more likely to be one-fifth of that, an analyst reported last week. States like Michigan …
Posted: May 05, 2020
Sixty-five percent of small-business owners said they have been a victim of a cyberattack in a recent survey.
Posted: May 05, 2020
Firm hopes to respond to growth opportunities and rate improvement in the US wholesale and reinsurance markets
Posted: May 05, 2020
Norwegian Cruise Line Holdings Ltd., the world's third-largest cruise operator, raised doubts about its ability to keep running as a business on Tuesday, the first in the sector to signal it may succumb to the coronavirus crisis.
Posted: May 05, 2020
How are U.S. independent insurance agents managing the COVID-19 pandemic? Pretty well, actually.
Posted: May 05, 2020
The Legal Sea Foods LLC restaurant chain filed a breach of contract suit against its insurer Monday for refusing to pay business interruption expenses in connection with the coronavirus pandemic, stating even though its policy was issued in March, when the pandemic was already widely acknowledged, i...
Posted: May 05, 2020
Workers’ comp care managers and clinicians know that managing chronic pain takes a fairly hands-on approach. Injured workers suffering from the condition often try several different treatments before finding one that effectively reduces their pain, or they may be on lifelong medication, such as opi...
Posted: May 05, 2020
Lloyd’s insurer Hiscox is planning a capital raise via the placement of new ordinary shares, which will enable the company to respond to expected growth opportunities and possible “downside scenarios.” New ordinary shares of 6.5 pence each will be issued, …
Posted: May 05, 2020
American International Group Inc. estimates it will pay $272 million in first-quarter losses related to COVID-19 and expects the pandemic will generate the largest ever industry loss, hitting numerous lines of business, the insurer’s executives said on its earnings call Tuesday.
Posted: May 05, 2020
Lawmakers in four states pushed workers compensation legislation over the past week to enhance benefits for essential workers performing job duties during the COVID-19 pandemic.
Posted: May 05, 2020
The Oklahoma House of Representatives has passed legislation aimed at protecting healthcare providers from liability during the COVID-19 pandemic. The House Senate Bill 300, creating the COVID-19 Public Health Emergency Limited Liability Act, authored by House Majority Whip Terry O’Donnell, …
Posted: May 05, 2020
SEATTLE — Hundreds of health care workers and dozens of first responders in Washington state have become sick with the coronavirus while on the job, according to workers’ compensation claims. The new data provides some insight into how the coronavirus …
Posted: May 05, 2020
NEW YORK — Faced with 20,000 coronavirus deaths and counting, the nation’s nursing homes are pushing back against a potential flood of lawsuits with a sweeping lobbying effort to get states to grant them emergency protection from claims of inadequate …
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