Special Coverage: COVID-19

6 types of employment lawsuits to expect in the wake of COVID-19

Posted: Apr 24, 2020

Employers should pay close attention to these categories to ensure their actions don't trigger more trouble down the road.

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The BI Top 10: Week of April 20, 2020

Posted: Apr 24, 2020

Interest in COVID-19 litigation is running high, as businesses across a range of industries sue insurers seeking payment of business interruption claims. Topping this week’s Top 10 is a report on Travelers striking back with a claims denial suit.

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RPS addresses key risk concerns for public entities

Posted: Apr 24, 2020

From cyber, to #MeToo, natural catastrophes, and now the coronavirus, public entities do not have it easy

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Monte Carlo reinsurance meeting canceled due to COVID-19

Posted: Apr 24, 2020

The 2020 Rendez-Vous de Septembre, the annual international reinsurance meeting held in Monte Carlo, Monaco, since 1957, has been canceled due to the coronavirus pandemic.

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Pennsylvania Outlines Temporary Licensure Process for Insurers During COVID-19

Posted: Apr 24, 2020

The Pennsylvania Insurance Department has submitted a notice to all state insurance companies and agencies outlining the process for issuing temporary licenses for Pennsylvania resident insurance producers during the COVID-19 pandemic. “The COVID-19 pandemic is impacting the operations of businesses...

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Reinsurance Rendez-Vous de Septembre Canceled due to Coronavirus Crisis

Posted: Apr 24, 2020

The 64th Rendez-Vous de Septembre (RVS) in Monaco, which was scheduled to be held Sept. 12-17, has been cancelled due to the uncertainties linked to the coronavirus pandemic. For 63 years, the RVS has brought together leading players in the …

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Some Auto Insurer Premium Discounts Should Be Bigger, Say Consumer Groups

Posted: Apr 24, 2020

Two consumer groups said on Thursday that some of the largest U.S. auto insurers, including billionaire Warren Buffett’s Geico Corp., are short-changing customers on premium rebates as Americans drive less due to stay-at-home orders aimed at curbing the coronavirus outbreak. …

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Insurance Premium Discounts, Other Accommodations Offered During Coronavirus Crisis

Posted: Apr 24, 2020

The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers. Most discounts are for personal lines auto customers, however …

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Insurance Premium Discounts, Other Relief Offered During Coronavirus Crisis

Posted: Apr 24, 2020

The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers. Most discounts are for personal lines auto customers, however …

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College Sports Lack Options of Pro Sports for Getting Back in the Game

Posted: Apr 24, 2020

While professional sports leagues can ponder plans to isolate their athletes from the coronavirus and have them play in unusual, even secluded places, college sports have no such option. Pro sports leagues can get creative with solutions to save their …

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Everest Re Estimates $150 Million in Pandemic-Related Losses During First Quarter

Posted: Apr 24, 2020

Everest Re Group estimated pre-tax losses of $150 million during the first quarter from claims related to the coronavirus pandemic. The company expects that the majority of pandemic losses will come from the Reinsurance Segment, although both its reinsurance and …

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Lloyd's chief suggests coronavirus will likely be most expensive insurance event in history

Posted: Apr 24, 2020

Boss states the chances of the market making anything other than a significant loss in 2020 are zero

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UK cruise industry could lose $3 billion due to pandemic

Posted: Apr 24, 2020

The U.K.'s cruise industry is expected to lose nearly £2.4 billion ($3 billion) as a result of a 90-day suspension of services due to the COVID-19 pandemic.

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Latin America’s tourism sector reeling

Posted: Apr 24, 2020

The COVID-19 pandemic has hit Latin America's tourism and hospitality sector hard, with most countries imposing strict curfews, travel restrictions and mandatory lockdowns.

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Oil refiners could lose more than $3 billion due to pandemic

Posted: Apr 24, 2020

Indian ratings firm Crisil Ltd. said that the COVID-19 pandemic could have cost local refiners 250 billion Indian rupees (3.3 billion) during the first quarter as oil prices slumped due to a fall in demand.

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Lufthansa's operating loss widens due to pandemic

Posted: Apr 24, 2020

German flag carrier Deutsche Lufthansa AG's operating loss widened to €1.2 billion ($1.3 billion) in the first quarter, compared with a loss of €336 million in the previous year, due to the coronavirus pandemic.

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NCCI Study Examines Losses Over $1 Million in Workers’ Comp. Here Are the Main Takeaways

Posted: Apr 24, 2020

Traumatic brain injuries. Motor vehicle accidents. Slips and falls. All of these incidents can lead to major injuries.  They result in time off from work, major surgeries and a different way of life, however briefly, for the injured person. When they occur in the workplace, they can also result in h...

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COVID-19, Work-From-Home and the Risks of Data Leakage: Here’s How to Protect Your Company

Posted: Apr 24, 2020

In the time span of a few weeks, our world is dramatically different. COVID–19 has us on full alert for our own health and safety as well as our families, friends, and coworkers. Advertisement We scramble for toilet paper and groceries, we find new ways to work from home, and we try to get up t...

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5 North Carolina Food Processors Have Employees Infected by COVID-19

Posted: Apr 24, 2020

Five food processing facilities in the state are each experiencing multiple cases of COVID-19 among employees, North Carolina health officials said Tuesday. A news release from state health and agriculture officials said there are outbreaks of two or more positive …

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Insurance M&A trends in the first quarter of 2020

Posted: Apr 24, 2020

Insurance mergers and acquisition activity started strong in 2020 but quickly cooled with the onset of the coronavirus, says Marshberry.

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