Special Coverage: COVID-19
Posted: May 04, 2020
The Recovery Fund is modeled after the September 11th Victim Compensation Fund, operated by the federal government.
Posted: May 04, 2020
The Recovery Fund is modeled after the September 11th Victim Compensation Fund operated by the federal government.
Posted: May 04, 2020
As more employees work remotely amidst the COVID-19 pandemic, businesses must revisit and revise their cyber defense measures.
Posted: May 04, 2020
This report concludes that the coronavirus pandemic will accelerate changes to the global supply chain already in motion due to the US-China trade war, and subsequently spur new insurance opportunities. Eighty-two percent of respondents to a recent survey of 600 multinational companies across Asia a...
Posted: May 04, 2020
Insurers Struggle to Accurately Predict Upcoming Coronavirus Costs 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 ...
Posted: May 04, 2020
COVID-19: let’s face facts. As an industry, workers’ compensation is in unchartered territory. We are all required to show up and step up. To predict factors, assess risk or propose to be specialists in treating this disease would be irresponsible based on the fluid nature of the clinical informatio...
Posted: May 04, 2020
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 seen.
Posted: May 04, 2020
The Centers for Disease Control and Prevention (CDC) is reporting 957,875 cases of COVID-19 as April comes to a close, indicating that for most of the United States, work from home arrangements for those lucky enough to have them will continue for some time. The workers’ compensation industry, along...
Posted: May 04, 2020
CNA Financial Corp. on Monday reported a net loss of $61 million in the first quarter of 2020 compared with a $342 million profit in the same quarter of last year as coronavirus-related market turmoil hit the insurer’s investments.
Posted: May 04, 2020
Here is a round-up of essential COVID-19-related news from around the world on May 4, 2020.
Posted: May 04, 2020
More insurtech deals were completed in the first quarter, compared with the year-earlier period, but overall funding declined 54% to $912 million amid the coronavirus pandemic, according to Willis Towers Watson’s Quarterly InsurTech Briefing released Monday.
Posted: May 04, 2020
8 Things That Will Never Be the Same in Insurance After COVID-19 More than any human, COVID-19 is driving a digital transformation of the insurance industry. Everything about the way the industry has traditionally worked is under challenge due to the quarantine, ...
Posted: May 04, 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.
Posted: May 04, 2020
Texas auto dealer Hayden Elder says March was his worst month in 42 years selling cars thanks to the coronavirus, but April brought days that were “almost normal” and he expects bigger customer discounts to help him sell more Dodge …
Posted: May 04, 2020
Britain’s financial watchdog said on Friday it would urgently ask the courts to clarify uncertainty over whether businesses can claim compensation for disruption caused by the coronavirus pandemic. The Financial Conduct Authority (FCA) also told all insurers to assess whether …
Posted: May 04, 2020
AM Best has placed under review with negative implications the Financial Strength Rating of “A-” (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of Bermuda-based Watford Re Ltd. Included in the review are Watford subsidiaries Gibraltar-based Watford …
Posted: May 04, 2020
Berkshire Hathaway’s property/casualty insurance and reinsurance businesses reported a first quarter underwriting profit of $747 million before taxes, nearly double the pretax underwriting profit of $377 million recorded for first-quarter 2019. Property/casualty and life insurance and reinsurance bu...
Posted: May 04, 2020
The global brokerage has launched a string of initiatives to keep colleagues engaged and connected while working remotely
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