Special Coverage: COVID-19

Air Mexico posts more than $100 million loss due to pandemic

Posted: Apr 23, 2020

Airline Aerovias de Mexico SA de CV posted a loss of more than 2.5 billion Mexican pesos ($102 million) in the first quarter due to the coronavirus pandemic.

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3 Elements of Strategic Corporate Communication During COVID-19

Posted: Apr 23, 2020

During the unprecedented COVID-19 pandemic, our collective appetite for information has been insatiable. News stations, social media feeds and even commercials and ads have become a constant stream of coronavirus-related information. Advertisement Local, state and federal governments and agenci...

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China Slams Coronavirus Lawsuit Brought by Missouri as ‘Very Absurd’

Posted: Apr 23, 2020

China on Wednesday slammed a lawsuit brought against it by the U.S. state of Missouri over the coronavirus pandemic as “very absurd.” Foreign ministry spokesman Geng Shuang said the legal action has “no factual and legal basis at all” and …

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New Coverage to Assist Businesses Impacted by COVID-19 — Temporary Insurance for Suspended Businesses

Posted: Apr 23, 2020

Los Angeles, CA, April 23, 2020 – Anderson and Murison is proud to announce a new coverage from one of our partners directed at businesses that have been forced to temporarily close as a direct result of COVID-19. Highlights Coverages …

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New Enhancements for Cyber Coverage by Evan Bundschuh

Posted: Apr 23, 2020

Cyber insurance is probably the single most rapidly evolving insurance product on the market, and understandably so. It’s still a fairly young product, and cyber criminals are constantly changing their tactics. As a result, insurers are constantly adapting their policy forms. With constant changes,...

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COVID-19: Lance Poole: Coronavirus & Commercial Insurance: What past crises can teach us about survival.

Obstacles, Openings for Tech Vendors by Mark Breading

Posted: Apr 23, 2020

With the dramatic shifts in the business world due to the pandemic, it seems that every aspect of tech and insurance is being scrutinized. After speaking with dozens of tech companies over the last two weeks – including incumbents, insurtechs and other companies of all sizes, I’ve seen a theme has...

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Workplace safety for COVID-19 essential workers

Posted: Apr 23, 2020

Sound risk management policies continue to be the key to keeping essential workers safe on the job.

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Governor Aims for South Carolina to Recover ‘More Quickly Than Any Other State’

Posted: Apr 23, 2020

South Carolina’s governor is rolling out details of a program that his office says will allow the state’s economy to “recover more quickly than any other state’s in the country” from the new coronavirus outbreak. Gov. Henry McMaster on Monday …

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Plaintiffs Hope to Consolidate COVID-19 Business-Interruption Lawsuits

Posted: Apr 23, 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 caused by coronavirus stay-home orders. Attorneys for owners of the …

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Travelers, W.R. Berkley CEOs Sound Alarm Over Coronavirus Lawsuits, Workers’ Comp

Posted: Apr 23, 2020

During an earnings conference call Tuesday, the leader of Travelers insurance alerted listeners to the possibility that frivolous lawsuits by plaintiffs lawyers could slow down the economic recovery from COVID-19 shutdowns. Alan Schnitzer, whose company reported net income of $600 …

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Georgia Businesses May Be Slow to Reopen Despite Governor’s Encouragement

Posted: Apr 23, 2020

Gov. Brian Kemp’s call to reopen shuttered businesses in Georgia left many business owners wary and confused this week as they considered how to protect themselves and their customers in a state where coronavirus deaths exceed 800 and confirmed infections …

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Providing Injured Workers with Unparalleled Care During Unprecedented Times

Posted: Apr 22, 2020

Our nation currently faces one of the great challenges of our lives—preventing, treating, and, ultimately, saving patients with COVID-19. As this global health crisis rapidly escalates, approximately 20% of COVID-19 cases will require hospitalization to address complex challenges, and 5% of cases w...

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Big ’I’ Partners Help Communities in Need

Posted: Apr 22, 2020

As the nation experience the ongoing effects of the COVID-19 crisis, Big "I" carriers are helping their communities.

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Congressional Letters Push Back Against Business Interruption Proposals

Posted: Apr 22, 2020

Following President Trump’s remarks two weeks ago, there is growing congressional focus on business interruption insurance and whether it covers claims from COVID-19.

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Congress Set to Pass Round 2 of PPP Funding

Posted: Apr 22, 2020

As of press time, the U.S. House of Representatives is expected to pass further COVID-19 relief legislation later today.

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NAIC working group approves flexible COVID-19 accounting rules

Posted: Apr 22, 2020

The panel says grace periods for COVID-19 victims may have to be longer than the grace periods for big hurricanes.

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Fixed annuity sales fall in Q1, but variable annuity sales rise

Posted: Apr 22, 2020

Fixed annuity products were already forecast to have a challenging 2020—and then COVID-19 threw the hammer down in March, leading to double-digit declines across the board. Total fixed annuity sales were $29.5 billion in the first quarter, 22% lower than first quarter 2019, according to preliminary...

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Chubb CEO Greenberg: Degree of Future COVID-19 Revenue Impact Is ‘Simply Unknowable’

Posted: Apr 22, 2020

Chubb CEO Greenberg: Degree of Future COVID-19 Revenue Impact Is ‘Simply Unknowable’ Chubb Chairman and CEO Evan Greenberg insists the global P/C insurer has strong fundamentals, but warned at the same time that the ongoing pandemic crisis will spur unpredictable revenue challenges ...

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Hackers target China over virus response: researchers

Posted: Apr 22, 2020

Hackers working in support of the Vietnamese government have attempted to break into Chinese state organizations at the center of Beijing's effort to contain the coronavirus outbreak, U.S. cybersecurity firm FireEye said on Wednesday.

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