Special Coverage: COVID-19
Posted: May 04, 2020
Warren Buffett's Berkshire Hathaway Inc. is being hit hard by the coronavirus pandemic, posting a record quarterly net loss of nearly $50 billion on Saturday and saying performance is suffering in several major operating businesses.
Posted: May 04, 2020
The Delaware Department of Insurance has announced that many consumer-friendly automobile insurer actions are being implemented due to reduced vehicle use throughout the COVID-19 pandemic. As filed with the department, these actions represent millions of dollars being returned to or …
Posted: May 04, 2020
Maryland Insurance Commissioner Al Redmer Jr. has warned consumers to watch for insurance scams related to the COVID-19 pandemic. Reports of pandemic-related fraud are increasing around the country, according to a press release issued by the Maryland Insurance Administration. People …
Posted: May 04, 2020
A group of Republican U.S. senators said Thursday they would introduce legislation to address consumer privacy concerns surrounding technology companies’ efforts to help build contact tracing apps to fight the new coronavirus outbreak. Senator Roger Wicker, who chairs the Commerce …
Posted: May 04, 2020
At The Right Price, Berkshire Will Write Pandemic Cover, Buffett Says The chairman of Berkshire Hathaway said that while his insurance units aren't heavily exposed to underwriting losses from the COVID-19 pandemic, they would be willing to insure pandemics in the ...
Posted: May 04, 2020
Posted: May 04, 2020
U.K.-based leisure and hospitality insurance broker NDML Ltd. has asked the government to release funds from local terrorism risk reinsurer Pool Reinsurance Co. Ltd. to help pay business interruption claims related to the coronavirus pandemic.
Posted: May 04, 2020
Nicolaus Prawiro, deputy director at insurer PT Asuransi Cakrawala Proteksi Indonesia, said that country's property insurance market fell nearly 20% year-over-year in the first quarter due to the coronavirus pandemic.
Posted: May 04, 2020
Lemonade Encourages Customers to Fuel ‘Social Good’ by Taking COVID-19 Research Surveys Lemonade is encouraging its members to take online surveys – lots of them – in order to positively impact the COVID-19 crisis. The InsurTech focused on digital homeowners and renters insurance ...
Posted: May 04, 2020
Worst-Case P/C Coronavirus Losses in Key Lines Could Hit $80B: Willis Towers Watson Key property/casualty insurance lines could face COVID-19 insured losses reaching a combined $80 billion in a worst-case scenario modeled by Willis Towers Watson as part of a new report. U.S. and ...
Posted: May 04, 2020
Artificial intelligence is revolutionizing the pharmaceutical industry by empowering companies to dramatically accelerate the development of new drugs while cutting costs by hundreds of millions of dollars. Advertisement But the growing use of the technology in the industry is also fast creating...
Posted: May 04, 2020
International insurance broker Gallagher announced the release of a Pandemic Group Insurance product, providing a comprehensive COVID-19 indemnity cover solution to the India market. For essential workers and front-line services including hospital and healthcare providers, food distribution, and pha...
Posted: May 04, 2020
With the impact of the pandemic still uncertain, new report presents three possible scenarios
Posted: May 04, 2020
Forrester analyst Ellen Carney joins the show to discuss how insurance companies are likely to spend their digital and technology budgets in the wake of COVID-19, in order to adapt to the current situation and beyond.
Posted: May 04, 2020
King of Prussia, PA, April 28, 2020 – Although physical therapy clinics are considered essential businesses, some workers’ compensation patients hesitate to start or continue physical therapy during the COVID-19 pandemic. To address patient and claims representative concerns regarding in-clinic …
Posted: May 04, 2020
Why Warren Buffett thinks Berkshire Hathaway may have dodged the worst of the coronavirus hit
Posted: May 04, 2020
Grange Insurance Co., based in Columbus, Ohio, and AmeriTrust Group Inc. in Southfield, Michigan, are offering relief plans to business insurance customers in response to the COVID-19 pandemic. Grange Insurance has launched Businessowner Policy (BOP) payback, which will return 20% …
Posted: May 04, 2020
Should the assumption of risk and liability be a concern for reopening businesses?
Posted: May 04, 2020
The top Republicans in the U.S. Congress displayed a united front on Friday in their drive for coronavirus-related liability protections for businesses, saying such measures will be crucial to talks about future relief legislation. Senate majority leader Mitch McConnell and …
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