Special Coverage: COVID-19

Companies Bet On AI Cameras to Track Social Distancing, Limit Liability

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...

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OUTBREAK: PROGRAM PROS ON COVID-19

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..

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So you thought Amazon would disrupt insurance?

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...

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Aon cuts pay of most staff due to economic crisis

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.

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Aon Executives, 70% of Employees Taking Pay Cuts Amid Coronavirus Uncertainties

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% …

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UK Insurers Must Pay More Coronavirus Claims: Parliamentary Committee

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 ...

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Calls for business interruption insurance cover for coronavirus grow louder

Posted: Apr 27, 2020

Legal action against insurers intensifies, and even the US president has weighed in on the issue

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Coronavirus Business Interruption Insurance Claimants Seek to Consolidate Lawsuits

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 …

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CORONAVIRUS WRAP-UP: PROPERTY AND CASUALTY (4/27/2020)

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...

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Data and intuition

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...

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Cinema chain assails Axa for refusing to coronavirus claim

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.

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Food delivery workers strike against unsafe conditions

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.

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Sanlam shelves expansion plans

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.

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Pandemic to cost European airlines up to $89 billion

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.

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Disruptions to Japan's auto industry to continue

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.

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UK Insurers Urged by Treasury Committee to Pay Coronavirus Claims

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 …

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UK Insurers Expected to Pay $1.5B in Coronavirus Claims: Association of British Insurers

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 …

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The Dig In Podcast 003: Speeding up insurance digitalization post-COVID

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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Speeding up insurance digitalization post-COVID 

Speeding up insurance digitalization post-COVID 

Posted: Apr 27, 2020

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Speeding up insurance digitalization post-COVIDÂ

Speeding up insurance digitalization post-COVIDÂ

Posted: Apr 27, 2020

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