Special Coverage: COVID-19

Will COVID-19 Make Usage-Based Insurance Mainstream?

Posted: Apr 30, 2020

As auto insurance policyholders are driving little or not at all, will consumers see the value of premiums that are accurately calculated by miles driven?

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COVID-19: Business owners preparing for changes in operations

Posted: Apr 30, 2020

Companies that have changed operations to meet market demands as a result of the coronavirus need to consider the new risk exposures.

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A better workers' comp system: The silver lining of COVID-19?

Posted: Apr 30, 2020

Here are three consequences of the coronavirus pandemic that can fuel positive change in the current workers' comp structure.

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P&C Legislative Round-Up: May 2020

Posted: Apr 30, 2020

This is a round-up of key legislative developments from around the U.S., including the most recent state and federal bills responding to COVID-19.

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Scenario Analysis of the COVID-19 Pandemic

Posted: Apr 30, 2020

In this report Willis Towers Watson (WTW) warns that industry-wide insurance losses from the coronavirus pandemic will likely exceed losses from the 2001 World Trade Center attack and could reach $140 billion at the extreme tail-end of probabilities. The new report from WTW includes many numerical e...

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Argo Group Experiences Both International and U.S. COVID-19 Losses

Posted: Apr 30, 2020

Argo Group Experiences Both International and U.S. COVID-19 Losses Argo Group International Holdings expects pretax net catastrophe losses of $29 million during the 2019 first quarter, the bulk of which stems from costs relating to the COVID-19 pandemic. The ...

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The Perilous Cannabis, Cyber, COVID-19 Connection

Posted: Apr 30, 2020

Cannabis, cyber and COVID-19 – the three Cs may have more in common than meets the eye. Cannabis dispensaries, now considered essential businesses in many states, have stepped up deliveries, curbside picksups and online ordering to service customers during the …

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The Hartford Reports Q1 Net Income Drop; Minor Coronavirus Impact Thus Far

Posted: Apr 30, 2020

The Hartford’s 2020 first-quarter numbers are yet another example of the coronavirus pandemic not yet affecting underwriting results in a major way. But net income took a big hit. First-quarter net income came in at $268 million, or $0.74 per …

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Restaurant sues insurer, brokers over COVID-19 coverage

Posted: Apr 30, 2020

A Kansas City, Missouri, barbecue restaurant seeking coverage for coronavirus-related losses filed suit against its insurer, retail broker and wholesaler on Tuesday.

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NLRB rule change raises worker safety questions

Posted: Apr 30, 2020

Some contract workers in America's fast-food restaurants, hospitals and warehouses could find it harder to demand equipment and other measures to protect them from the coronavirus under a new labor agency rule, according to workers' advocates and unions.

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Willis Towers Watson intends to avoid pay cuts: CEO

Posted: Apr 30, 2020

Willis Towers Watson PLC CEO John Haley on Thursday signaled during a first-quarter earnings call with analysts that the broker will not be following in Aon PLC’s footsteps and imposing salary cuts on staff amid the economic fallout from COVID-19.

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Coronavirus-Related Event Cancellations Shift Swiss Re’s Q1 to a Loss

Posted: Apr 30, 2020

Coronavirus-Related Event Cancellations Shift Swiss Re’s Q1 to a Loss Reinsurer Swiss Re swung into a net loss in the first quarter of 2020 as the impact of the coronavirus outbreak began to bite, it said on Thursday. The Zurich-based company booked a hit of $476 ...

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The future of insurance post-COVID-19

Posted: Apr 30, 2020

As we entered this new decade at the start of 2020, industry assessments reflected a positive outlook with increased growth potential expected, despite the low interest rate environment that historically...

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Ohio nurses file OSHA complaint over COVID exposures

Posted: Apr 30, 2020

The Ohio Nurses Association has filed a complaint with the U.S. Occupational Safety and Health Administration’s Columbus, Ohio, office over alleged hazardous conditions at a state medical center.

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New LWCC Foundation Commits $1.1M for COVID-19 Recovery in Louisiana

Posted: Apr 30, 2020

Baton Rouge-based Louisiana Workers’ Compensation Corp. (LWCC) has formed a private foundation to focus on the areas of health, wellness, and safety in the workplace. It’s leading initiative, Louisiana Well Again, will include a $1.1 million, three-phased response package to …

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Pandemic Job Actions May Push Renewed Labor Movement

Posted: Apr 30, 2020

Jordan Flowers never thought he would become a labor leader. Then the coronavirus forced him to risk his life every time he clocked in. The robotics operator at Amazon’s Staten Island warehouse helped lead one of the first walkouts at …

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Florida CFO Says China Owes State Financial Restitution from COVID-19 Outbreak

Posted: Apr 30, 2020

Florida Chief Financial Officer (CFO) Jimmy Patronis has sent a demand letter to Chinese Ambassador to the United States Cui Tiankai demanding financial restitution from the Communist Party of China (CPC) for “significant harm to the State of Florida and …

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Marsh expects broking revenue to rise in 2020 despite crisis

Posted: Apr 30, 2020

Marsh & McLennan Cos. Inc. could see higher brokerage revenue in 2020, but it expects a “modest decline” in overall revenue for the year due to the economic fallout from the coronavirus pandemic, the firm’s top executives said on Thursday during a first-quarter earnings call with analysts.

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UK privacy advocates warn over COVID contact app

Posted: Apr 30, 2020

Leading privacy advocates in Britain have urged the government to prevent a soon-to-be-launched COVID-19 contact tracing app from turning into a form of state surveillance.

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ASSP cancels annual conference in favor of virtual event

Posted: Apr 30, 2020

The American Society of Safety Professionals is the latest association to cancel its annual conference and shift to a virtual event because of the coronavirus pandemic, the society announced Thursday.

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