Special Coverage: COVID-19
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 …
Posted: Apr 30, 2020
How is the business dealing with the coronavirus pandemic?
Posted: Apr 30, 2020
Britain’s competition regulator said it has opened investigations into thousands of complaints about companies refusing to pay refunds for canceled weddings and other events during the coronavirus pandemic. Britain has been in lockdown since March, forcing people to stay at …
Posted: Apr 30, 2020
It is argued there is nothing to deny coverage for losses prompted by the virus
Posted: Apr 30, 2020
In 2008-09, during the height of the Great Recession – a time when the U.S. economy was in a meltdown and every auto manufacturer was seeing sales plummet – Hyundai Motors increased its market share by a remarkable 40%. Understanding how Hyundai did it offers a valuable lesson to any company tha...
Posted: Apr 30, 2020
Georgia officials reported Tuesday the coronavirus has killed more than 1,000 people statewide as some local officials urged people to continue isolating at home in spite of the governor’s aggressive efforts to reopen businesses and reboot the economy. The Georgia …
Posted: Apr 30, 2020
The COVID-19 pandemic complicates preparations for blazes that arrive with vengeance every year.
Posted: Apr 30, 2020
During this pandemic, many workers (nurses, police, grocery store clerks, transit professionals, etc.) are considered essential, potentially putting them at heightened risk for contracting COVID-19. A key question, of course, is whether a worker who contracts COVID-19 is compensated under workers’...
Posted: Apr 30, 2020
Figure takes into account costs associated with possible litigation
Posted: Apr 30, 2020
As businesses begin to reopen after weeks-long closures to slow the spread of coronavirus, claims management companies have adjusted their service offerings to smooth the transition. Sedgwick, for instance, in February began helping clients set up temperature screenings for essential …
Posted: Apr 30, 2020
U.S. consumer advocates are urging Congress to resist growing demands by companies for protections from coronavirus-related lawsuits as states start to ease pandemic restrictions and businesses begin to reopen. Led by Public Citizen and the Center for Justice and Democracy, …
Posted: Apr 29, 2020
The Hartford Watches Closely for COVID-19 Financial Impact After Relatively Sane Q1 The Hartford's 2020 first quarter numbers are yet another example of the coronavirus pandemic not yet significantly affecting results. Future months could be a different story, however. First quarter ...
Posted: Apr 29, 2020
(Image credit: vperemencom.) For years, the majority of insurance companies have taken measures to improve and enhance engagement with their customers, agents and distributors. Consumers have expressed an interest in more frequent engagement from their insurance provider or agent beyond the initial...
Posted: Apr 29, 2020
During uncertain times, such as hurricanes and the current COVID-19 pandemic, claims adjusters need to be empathetic and transparent with claimants.
Posted: Apr 29, 2020
A response to recent articles that appeared on Law.com and its affiliated websites that address the impact of COVID-19 and worker privacy protections.
Posted: Apr 29, 2020
According to an Aite Group LLC study, U.S. life insurers may experience as high as $7.2 billion in claims if coronavirus deaths rise to the high end of projections of 150,000. The estimate includes costs for policyholders between the ages of 56 and 74, which are projected to reach as much as a combi...
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