Special Coverage: COVID-19
Posted: Apr 17, 2020
Non-public companies should review their D&O policies when evaluating coverage that may respond to COVID-19-related losses.
Posted: Apr 17, 2020
A senior FBI cybersecurity official said on Thursday that foreign government hackers have broken into institutions conducting research into treatments for COVID-19, the sometimes fatal respiratory illness caused by the new coronavirus. Federal Bureau of Investigation Deputy Assistant Director Tonya...
Posted: Apr 16, 2020
InsurTech Firm Wefox, Other German Startups Seek European Approach to Corona Tracing App Europe should not cede its sovereignty to Silicon Valley when it comes to using technology to help trace those at risk of coronavirus infection, the German developers of a smartphone app said on ...
Posted: Apr 16, 2020
The need to adapt quickly and work virtually is likely to accelerate technology trends and emphasize the value proposition of vendors of vendor solutions that exemplify them.
Posted: Apr 16, 2020
The key takeaways from this NCCI economic briefing are: Coronavirus layoffs are happening with unprecedented rapidity but not uniformly across economic sectors and types of businesses; Temporary business shutdowns and permanent closures have different impacts, and small businesses are at particular...
Posted: Apr 16, 2020
The insurance industry can meet its obligations to policyholders in the midst of the coronavirus pandemic – but government interventions being discussed threaten to unravel this safety net and could make it impossible for insurers to affordably provide essential coverage in the future. Thes...
Posted: Apr 16, 2020
A Crisis Manager on How the P/C Insurance Industry Can Maximize Its Coronavirus Response "I'm shocked, just shocked that you're suggesting that during a crisis that insurance companies might in fact be considered the villains. I've never heard that before." That's Richard Levick ...
Posted: Apr 16, 2020
As car insurers help their customers cope with the pandemic’s economic impact through premium refunds and other relief measures and some groups complain the efforts are insufficient and ask regulators to make insurers pay more, it’s worth noting that the cost of insuring motor vehicles has...
Posted: Apr 16, 2020
Another Chicago tavern sued Society Insurance Inc. for corona-virus-related business interruption coverage on Wednesday.
Posted: Apr 16, 2020
The global health emergency caused by COVID-19 has either disrupted or completely interrupted business operations across the United States. Advertisement The financial impact of government-mandated shutdowns on businesses is substantial and multiplying each day for many enterprises. Consequently,...
Posted: Apr 16, 2020
Mobile apps used by EU countries to contain the spread of the coronavirus should comply with the bloc's privacy rules and seek people's consent to use personal data, but exclude location data, the European Commission said on Thursday.
Posted: Apr 16, 2020
Arch Capital Group Ltd. expects to see pre-tax losses across its property/casualty insurance and reinsurance segments of $85 million to $95 million for claims incurred due to the COVID-19 pandemic as of March 31, net of reinsurance recoveries and reinstatement premiums, the company said in a stateme...
Posted: Apr 16, 2020
Catastrophe risk modeler AIR Worldwide has launched a COVID-19 projection tool, AIR said in a statement Wednesday.
Posted: Apr 16, 2020
Wisconsin Gov. Tony Evers signed into law on Thursday a bill that expands workers compensation coverage for COVID-19 to first responders.
Posted: Apr 16, 2020
The Arkansas Insurance Department is advising auto insurance consumers to contact their insurance agents as to whether their auto insurance carrier is offering premium relief in light of the COVID-19 health crisis AID has posted a list of insurers that …
Posted: Apr 16, 2020
The Arkansas Insurance Department is advising auto insurance consumers to contact their insurance agents as to whether their auto insurance carrier is offering premium relief in light of the COVID-19 health crisis. AID has posted a list of insurers that …
Posted: Apr 16, 2020
A group of agriculture economists said on April 15 the coronavirus pandemic will cause billions of dollars in damage to Iowa’s crop and livestock industries. In a report released from Iowa State University’s Center for Agricultural and Rural Development, the …
Posted: Apr 16, 2020
New Jersey was the first state to propose a bill that would mandate insurers cover COVID-19-related losses under their business interruption policies, and the insurance industry was quick to express its concern. But that hasn’t stopped some states from rolling …
Posted: Apr 16, 2020
A top state oil regulator estimates that North Dakota producers have idled thousands of wells — amounting to more than a quarter of the oil wells in the state — as the U.S. oil industry crashed during the coronavirus outbreak. …
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