Special Coverage: COVID-19

A Changing Market

Posted: Apr 30, 2020

Increased litigation and COVID-19 present new challenges for insurers of senior care facilities.

Read Article

Home Sweet Workplace?

Posted: Apr 30, 2020

Companies are facing privacy and cybersecurity issues as more people work remotely due to COVID-19.

Read Article

Crisis Response

Posted: Apr 30, 2020

Insurance professionals can be “helpers” during, and after, the coronavirus pandemic.

Read Article

An Insurance Journey

Posted: Apr 30, 2020

Significant coronavirus-related losses and legal battles over coverage may force some insurers to rethink their strategic game plans.

Read Article

Venture Funding Drop Leaves Digital Insurers Vulnerable to Takeover

Posted: Apr 30, 2020

Venture Funding Drop Leaves Digital Insurers Vulnerable to Takeover Some digital insurers will be in serious jeopardy as standalone companies in the months ahead, thanks in part to a big coronavirus crisis-related drop in venture funding. That reality, in turn, could ...

Read Article

How Cruise Ticket Legal Language May Foil Class Action Suits

Posted: Apr 30, 2020

After two passengers on their luxury cruise tested positive for Covid-19 in March, Emilio and Barbara Hernandez were so frantic to get off the ship, they wrote a note to the captain. The Costa Luminosa sailed on with them still …

Read Article

Marsh & McLennan looks to avoid ‘blunt instrument’ of pay cuts

Posted: Apr 30, 2020

Marsh & McLennan Cos. Inc. is looking to other options rather than pay cuts to keep on top of expenses during the COVID-19 pandemic, but its bonus pool may shrink, the firm’s top executive said Thursday.

Read Article

Longer Claims, Falling Premiums: NCCI Details How COVID-19 Could Affect Workers’ Comp

Posted: Apr 30, 2020

It seems like everywhere you look, the economic effects of COVID-19 are on display. The stock market has been going wild. Businesses are shuttered and some have closed permanently, causing the U.S. to lose 26.5 million jobs. Layoffs and furloughs are also contributing to this increasing rate of unem...

Read Article

Swiss Re posts Q1 loss amid coronavirus outbreak

Posted: Apr 30, 2020

Reinsurer Swiss Re swung into a net loss in the first quarter as the impact of the coronavirus outbreak began to bite, it said on Thursday.

Read Article

Nationwide announces permanent shift to work-from-home

Posted: Apr 30, 2020

In the wake of the COVID-19 crisis, Nationwide is changing its operating model

Read Article

Direct Auto Insurance announces 15% auto policy credit

Posted: Apr 30, 2020

The credit will support personal auto policyholders during the COVID-19 outbreak

Read Article

Markel Estimates COVID-19 Losses of $325 Million

Posted: Apr 30, 2020

Diverging from strategies of some competitors, Markel Corp. established a big reserve for a chunk of its potential COVID-19 exposure for the entire year—putting up $325 million for direct potential losses. The holding company for specialty insurance and reinsurance, ILS …

Read Article

Markel Pegs Best Estimate for COVID Losses at $325M

Posted: Apr 30, 2020

Markel Pegs Best Estimate for COVID Losses at $325M Diverging from strategies of some competitors, Markel Corp. established a big reserve for a chunk of its potential COVID-19 exposure for the entire year—putting up $325 million for direct potential ...

Read Article

China's movie box office faces more than $4 billion in losses

Posted: Apr 30, 2020

A report said that China's movie box office faces losses of more than 30 billion Chinese yuan ($4.2 billion) this year due to the COVID-19 pandemic.

Read Article

Singapore premium growth in doubt: AM Best

Posted: Apr 30, 2020

A report by A.M. Best Co. Inc. said that the economic fallout due to the COVID-19 pandemic is likely to add pressure on nonlife insurance premium growth in Singapore this year and potentially over the subsequent years.

Read Article

Pandemic costs to be substantial, but manageable: Munich Re CEO

Posted: Apr 30, 2020

Joachim Wenning, chief executive of Munich Reinsurance Co., expects the cost of the COVID-19 pandemic to be substantial but manageable for the reinsurer.

Read Article

COVID-19 Will Hit University Finances; Risk Managers Need to Prepare Now

Posted: Apr 30, 2020

Higher education is normally insulated from economic disruptions that sink other businesses. After all, a degree is still a necessary ingredient for success in most careers, and many people pursue advanced degrees instead of looking for work when prospects seem poor. Advertisement But the disrupt...

Read Article

Several Insurance Commissioners Wary of Business Interruption COVID-19 Claims

Posted: Apr 30, 2020

Several Insurance Commissioners Wary of Business Interruption COVID-19 Claims Insurance commissioners in at least seven states have advised business owners not to get their hopes up if pursuing business-interruption claims. Scott Seaman, a partner with the Hinshaw & ...

Read Article

Insurtech startup funding lowest since 2018 amid coronavirus

Posted: Apr 30, 2020

Three-quarters of a billion dollars were invested in startups in the first quarter of 2020, less than half the amount from the final quarter of 2019.

Read Article

Swiss Re Reports Q1 Loss of $225M as Impact of COVID-19 Crisis Begins to Hit

Posted: Apr 30, 2020

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 million for anticipated and …

Read Article

Statistics

Global Stats

No stats available...

U.S. Stats

No stats available...

U.S. Cases by State

No stats available...