Special Coverage: COVID-19

3 Ways One Insurer Brings Agility to Complex Multinational Programs

Posted: May 01, 2020

“Agile” had become a bit of a buzzword in the business world. Every company wants to work with partners that are quick and responsive, and for good reason. We live in a deeply interconnected, fast-paced world. The current COVID-19 crisis underscores just how quickly the global risk environment can...

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Arthur J. Gallagher takes $42.2 million coronavirus hit

Posted: May 01, 2020

First quarter results still report higher net earnings

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Brexit Trade Talks Back on Agenda After COVID-19 Hiatus, Facing Tight Timetable

Posted: May 01, 2020

Banks are dusting off their no-deal Brexit plans as concerns deepen that Britain and the European Union won’t agree a trade deal by December as the COVID-19 pandemic compounds fundamental disagreements over future relations. Financial services exports to the EU …

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Allianz Withdraws 2020 Profit Target on Pandemic Uncertainties

Posted: May 01, 2020

Allianz SE withdrew its forecast for the year as Europe’s biggest insurer struggles with the fallout from the Covid-19 pandemic. Given the economic uncertainty, the board “does not assume that Allianz can achieve the target range for operating profit for …

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Mississippi Gov Will Support Lawsuit Protection for Businesses that Reopen

Posted: May 01, 2020

Mississippi Gov. Tate Reeves said Wednesday that he will ask state lawmakers to provide legal protection for businesses that might be sued if they reopen and customers or employees become ill with COVID-19. “I am supportive of Mississippi providing liability …

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Mississippi Gov Supports Lawsuit Protection for Businesses that Reopen

Posted: May 01, 2020

Mississippi Gov. Tate Reeves said Wednesday that he will ask state lawmakers to provide legal protection for businesses that might be sued if they reopen and customers or employees become ill with COVID-19. “I am supportive of Mississippi providing liability …

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Direct Auto Insurance of Tennessee to Give 15% Credit on April Auto Policies

Posted: May 01, 2020

Direct Auto Insurance affiliates will give personal auto insurance policyholders a 15% credit on their April premiums in an effort to assist customers impacted by COVID-19. Policyholders do not have to take any action to receive the credit. The credit …

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Confirmed Coronavirus Cases Surge In Reopened JBS Colorado Beef Plant

Posted: May 01, 2020

COVID-19 cases at a JBS meatpacking plant in Colorado have more than doubled “in a number of days” and a sixth employee died of the virus, a union official said on Thursday, underscoring the risks of U.S. meat plants reopening. …

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States Under Pressure to Lift Coronavirus Restrictions as Unemployment Grows

Posted: May 01, 2020

As White House economic reopening guidance expired on Thursday after two weeks in place, half of all U.S. states forged ahead with easing restrictions on restaurants, retail and other businesses in hopes of reviving coronavirus-stricken commerce. The enormous pressure on …

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Trump Administration Defends Workplace Safety Record During Coronavirus Crisis

Posted: May 01, 2020

U.S. Labor Secretary Eugene Scalia on Thursday defended his department’s handling of workplace safety during the coronavirus pandemic, saying “the cop is on the beat” in response to union criticism about a lack of directives to protect workers. In a …

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Lessons Learned From Shift to WFH by Nancy Casbarro

Posted: Apr 30, 2020

It’s not clear what “normal” will look like when the throes of the COVID-19 pandemic are behind us. The world will probably not return to the way things were in February. But the world is learning to cope; so are insurance carriers. Recently, Novarica’s team facilitated a virtual town hall to learn...

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Chaos in a Post-Yesterday World! by Mike Manes

Posted: Apr 30, 2020

“When one thing is different, it is change; when everything is different, it is chaos!” Yesterday, Corona was a beer. Today, Corona is still a beer but is also a disease, a pandemic. It is the reason I’m at home typing this article, and you’re at home reading it. If the Civil War was the definin...

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Will COVID-19 Make Usage-Based Insurance Mainstream?

Posted: Apr 30, 2020

As auto insurance policyholders are driving little or not at all, will consumers see the value of premiums that are accurately calculated by miles driven?

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COVID-19: Business owners preparing for changes in operations

Posted: Apr 30, 2020

Companies that have changed operations to meet market demands as a result of the coronavirus need to consider the new risk exposures.

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A better workers' comp system: The silver lining of COVID-19?

Posted: Apr 30, 2020

Here are three consequences of the coronavirus pandemic that can fuel positive change in the current workers' comp structure.

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P&C Legislative Round-Up: May 2020

Posted: Apr 30, 2020

This is a round-up of key legislative developments from around the U.S., including the most recent state and federal bills responding to COVID-19.

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Scenario Analysis of the COVID-19 Pandemic

Posted: Apr 30, 2020

In this report Willis Towers Watson (WTW) warns that industry-wide insurance losses from the coronavirus pandemic will likely exceed losses from the 2001 World Trade Center attack and could reach $140 billion at the extreme tail-end of probabilities. The new report from WTW includes many numerical e...

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Argo Group Experiences Both International and U.S. COVID-19 Losses

Posted: Apr 30, 2020

Argo Group Experiences Both International and U.S. COVID-19 Losses Argo Group International Holdings expects pretax net catastrophe losses of $29 million during the 2019 first quarter, the bulk of which stems from costs relating to the COVID-19 pandemic. The ...

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The Perilous Cannabis, Cyber, COVID-19 Connection

Posted: Apr 30, 2020

Cannabis, cyber and COVID-19 – the three Cs may have more in common than meets the eye. Cannabis dispensaries, now considered essential businesses in many states, have stepped up deliveries, curbside picksups and online ordering to service customers during the …

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The Hartford Reports Q1 Net Income Drop; Minor Coronavirus Impact Thus Far

Posted: Apr 30, 2020

The Hartford’s 2020 first-quarter numbers are yet another example of the coronavirus pandemic not yet affecting underwriting results in a major way. But net income took a big hit. First-quarter net income came in at $268 million, or $0.74 per …

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