Special Coverage: COVID-19

Drugmaker Questioned for Nearly Tripling Price of Potential COVID-19 Drug

Posted: May 05, 2020

The chair of a House of Representatives committee and a fellow Democratic committee member on Monday urged Jaguar Health Inc. to reverse recent price hikes of a drug that could be used to treat side effects in COVID-19 patients and …

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Legal Roundup: Baseball Faces Suits Over Ticket Refunds, Clean Water Act Loophole Rejected and More

Posted: May 05, 2020

Supreme Court Rejects Clean Water Act Loophole The Case: The Clean Water Act was meant to keep pollutants out of America’s navigable rivers, oceans and lakes. But what if the pollution gets there indirectly through groundwater? That was the issue at the heart of a case between the Hawaiian island...

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Why We Need a Federal Standard for Health Care Access and Provider Viability

Posted: May 05, 2020

While the COVID-19 pandemic has caused health care facilities to rethink their operational strategy, the government has been supportive in the form of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Advertisement According to the U.S. Department of Health and Human Services websit...

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CM Virtual Summit Preview: Future InsurTechs Might Rely More on Bootstrapping

Posted: May 05, 2020

CM Virtual Summit Preview: Future InsurTechs Might Rely More on Bootstrapping While the coronavirus pandemic is widely expected to force a big drop in InsurTech venture capital investment, some experts suggest the industry will still see plenty of startups. This time, however, ...

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Allianz predicts net income to tumble

Posted: May 05, 2020

Germany-based insurer Allianz SE expects its net income to fall by around 30% year-over-year to €1.4 billion ($1.5 billion) in the first quarter due to the coronavirus pandemic.

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More businesses ally to take on Hiscox over COVID-19 claims

Posted: May 05, 2020

U.K.'s Night Time Industries Association has teamed up with an organization called Hiscox Action Group to pressure insurer Hiscox Ltd. to pay out on business interruption policies held by companies affected by the COVID-19 pandemic.

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40 days of lockdown to cost India $320 billion

Posted: May 05, 2020

A report by technology firm Data Labs India Solutions Pvt. Ltd. said that India is expected to lose $320 billion due to 40 days of lockdown to contain the spread of COVID-19 pandemic.

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Insurers can merge to sustain operations: Regulator

Posted: May 05, 2020

The U.A.E. Insurance Authority has said that insurers can merge in order to sustain operations in the difficult situation caused by the COVID-19 pandemic.

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WC’s ‘Grand Bargain’ Hangs in the Balance by Mark Webb

Posted: May 05, 2020

“Existential” is a word used far more often than it should be these days. Its importance has been diluted with its too easy and too frequent use as an adjective to assign far greater weight to events, people or things than are deserved. And yet, this is the adjective most often used when considerin...

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Pain Management, Wellbeing in Pandemic by Mark Walls

Posted: May 05, 2020

The COVID-19 pandemic has put an enormous strain on the healthcare system, delaying non-emergency medical care, potentially creating a higher risk for pain patients. However, the behavioral health community is adjusting with transitions to telemedicine and other alternatives that allow their patien...

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AXIS Capital takes $185 million net loss in Q1

Posted: May 05, 2020

Financial results take blow from coronavirus pandemic

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Survey: Agents’ morale high despite pandemic but warn of gathering storm

Posted: May 05, 2020

How are U.S. independent insurance agents managing the COVID-19 pandemic? Pretty well, actually.

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How to Plan for a Disaster During a Disaster

Posted: May 05, 2020

On March 5, Tennessee governor Bill Lee announced the state’s first confirmed case of Covid-19. Three weeks later on Easter Sunday, tornadoes touched down outside of Chattanooga, killing four people and flattening 2,000 structures. Since the start of the pandemic, …

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AIG Takes Hit from Coronavirus in Q1; Sees Industry’s ‘Biggest CAT Loss Ever’ Ahead

Posted: May 05, 2020

Insurer American International Group Inc. on Monday posted a 93% drop in quarterly adjusted profit, as it set aside money to cover claims related to the COVID-19 outbreak, which it called the single largest catastrophe loss the industry has ever …

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Insurers’ Loss Estimates Linked to Coronavirus Range Widely: Analysis

Posted: May 05, 2020

Insurers are normally great with numbers. But the coronavirus pandemic has them struggling to estimate how many billions of dollars in losses they face, and what the fallout will be for their massive investment portfolios. Executives, lawyers and analysts say …

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EEOC Complaint: Florida ICU Nurse Denied Rental Because of Virus Concerns

Posted: May 04, 2020

A Florida nurse filed an equal opportunity complaint alleging her condo rental application was denied because her ICU job brings her in contact with novel coronavirus patients. Jennifer Piraino said she submitted an application to rent a two-bedroom, two-bath condo …

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Students Sue Universities in North Carolina for Tuition Reimbursement

Posted: May 04, 2020

College students in North Carolina are suing universities in hopes of getting reimbursements for tuition and fees after campuses shut down and moved classes online during the coronavirus pandemic. The Raleigh News & Observer reported April 28 that the institutions …

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Three Ways an Expert Adjuster Helps Minimize the Impact of Negligent Security Claims

Posted: May 04, 2020

Whenever you walk into an establishment, you expect that the property owner has taken basic precautions to keep you safe. You expect parking areas to be well-lit, security cameras to be fully functioning, and areas of entry and exit to be monitored. Unfortunately, incidents inevitably still happen,...

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COVID-19 Pushes AIG’s P/C Insurance Business Into the Red

Posted: May 04, 2020

COVID-19 Pushes AIG’s P/C Insurance Business Into the Red After years of losses and just 12 months of underwriting income, American International Group's property-casualty business has lost money again. For that, COVID-19 is to blame. AIG said the P/C arm ...

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COVID-19 cyber threats: A checklist to protect a remote workforce

Posted: May 04, 2020

As more employees work remotely amidst the COVID-19 pandemic, businesses must revisit and revise their cyber defense measures.

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