Special Coverage: COVID-19
Posted: Apr 27, 2020
Stores and workplaces eager to avoid spreading the novel coronavirus are equipping existing security cameras with artificial intelligence software that can track compliance with health guidelines including social distancing and mask-wearing. Several companies told Reuters the software will be crucia...
Posted: Apr 27, 2020
OUTBREAK:PROGRAM PROS ON COVID-19 Target Markets panel tackles issues, shares insight, offers solutions By Elisabeth Boone, CPCU As the COVID-19 pandemic continues its deadly march, life as we knew it The post OUTBREAK: PROGRAM PROS ON COVID-19 appeared first on The Rough Notes Company Inc..
Posted: Apr 27, 2020
The current Covid-19 crisis is forcing the insurance industry to adapt like never before, and the lessons learnt now must be applied far into the future. After all, insurance is...
Posted: Apr 27, 2020
Aon PLC is imposing an approximately 20% salary cut on about 70% of staff due to the COVID-19 crisis, and CEO Greg Case and other senior executives will take 50% cuts, Mr. Case said in a letter to Aon staff Monday.
Posted: Apr 27, 2020
Aon announced it will temporarily cut the pay by 50% of the company’s named executive officers in response to the COVID-19 crisis. In addition, 70% of its global workforce will see a 20% reduction in their salaries, while approximately 30% …
Posted: Apr 27, 2020
UK Insurers Must Pay More Coronavirus Claims: Parliamentary Committee Insurers need to pay out on more claims related to the coronavirus pandemic, according to the head of the UK parliamentary committee that oversees the financial industry. "We are concerned that the ...
Posted: Apr 27, 2020
Legal action against insurers intensifies, and even the US president has weighed in on the issue
Posted: Apr 27, 2020
Two groups of plaintiffs — one in Philadelphia, the other in Chicago — are asking federal courts to consolidate lawsuits filed by businesses that are seeking coverage for business-interruption losses they claim are caused by coronavirus stay-home orders. Attorneys for …
Posted: Apr 27, 2020
Accounting RulesNAIC Working Group Approves Flexible COVID-19 Accounting RulesAutomobile Insurance How the Coronavirus Could Change U.S. Personal Auto Insurance Business InterruptionTravelers, Insured Law Firm Spar Over Civil Authority Business Income Loss ClaimStates Seek to Force Insurance Co...
Posted: Apr 27, 2020
The current Covid-19 crisis is forcing the insurance industry to adapt like never before, and the lessons learnt now must be applied far into the future. After all, insurance is...
Posted: Apr 27, 2020
KC Suri, director of U.K.-based cinema chain Reel Cinemas Ltd., said that French insurer Axa SA has refused to pay up to £7 million ($9 million) for claims related to the coronavirus lockdown.
Posted: Apr 27, 2020
Food delivery workers went on strike in the Brazilian city of Sao Paulo on April 17, joining strikes in several countries over unsafe working conditions in the face of the coronavirus pandemic.
Posted: Apr 27, 2020
South Africa-based insurer Sanlam Ltd. has suspended its plans to expand into Ethiopia and Egypt due to the COVID-19 pandemic.
Posted: Apr 27, 2020
The International Air Transport Association said that the COVID-19 pandemic is expected to cost European airlines up to $89 billion in lost revenues.
Posted: Apr 27, 2020
The disruption to Japan's auto industry from the coronavirus outbreak is expected to continue even after the Golden Week holidays which start from April 29.
Posted: Apr 27, 2020
Insurers need to pay out on more claims related to the coronavirus pandemic, according to the head of the UK parliamentary committee that oversees the financial industry. “We are concerned that the insurance sector goes the extra mile in meeting …
Posted: Apr 27, 2020
British insurers are on the hook for more than 1.2 billion pounds ($1.5 billion) in claims from businesses and individuals hit by the coronavirus pandemic, according to the industry’s trade body. Initial estimates put payments for business interruption at 900 …
Posted: Apr 27, 2020
With insurers rapidly deploying digital capabilities in order to service socially distancing customers, Jamie Yoder of Snapsheet thinks these habits could stick and become status quo going forward.
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