Special Coverage: COVID-19
Posted: Apr 30, 2020
Increased litigation and COVID-19 present new challenges for insurers of senior care facilities.
Posted: Apr 30, 2020
Companies are facing privacy and cybersecurity issues as more people work remotely due to COVID-19.
Posted: Apr 30, 2020
Insurance professionals can be “helpers” during, and after, the coronavirus pandemic.
Posted: Apr 30, 2020
Significant coronavirus-related losses and legal battles over coverage may force some insurers to rethink their strategic game plans.
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 ...
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 …
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.
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...
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.
Posted: Apr 30, 2020
In the wake of the COVID-19 crisis, Nationwide is changing its operating model
Posted: Apr 30, 2020
The credit will support personal auto policyholders during the COVID-19 outbreak
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 …
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 ...
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.
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.
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.
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...
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 & ...
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.
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 …
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