Special Coverage: COVID-19

Coronavirus wrap-up: life and health insurance (4/22/2020)

Posted: Apr 22, 2020

Health insurance Buying health insurance? What to know during the coronavirus pandemic Care providers may need $100B more as industry faces further COVID-19 losses What to Do if You Can’t Pay for Insurance Due to Coronavirus Health Insurance Rates Could Be Weirdly Stable: Actuaries Ho...

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How COVID-19 Impacts the Surplus Lines Insurance Industry

Posted: Apr 22, 2020

COVID-19 has majorly disrupted the global economy, and while many business sectors are subjected to temporary shutdowns or bare minimum operations, the insurance industry is a racing forward while confronting unprecedented amounts of risk and uncertainty. Under most state-issued business …

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Wisconsin Governor Issues Emergency Order Due to Wildfires

Posted: Apr 22, 2020

Wisconsin residents grappling with the coronavirus have something else to worry about now: wildfires. Gov. Tony Evers on April 21 declared statewide state of emergency in response to elevated wildfire conditions. The governor’s office said the state has experienced more …

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Despite Virus Outbreak, Midwest States Work to Keep Meat Plants Open

Posted: Apr 22, 2020

Governors in the Midwest are working to keep large meatpacking plants operating despite coronavirus outbreaks that have sickened hundreds of workers and threaten to disrupt the nation’s supply of pork and beef. In Kansas, Gov. Laura Kelly sent personal protective …

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Some Onsite Agent, Adjuster Licensing Exams Now Available in Texas

Posted: Apr 22, 2020

Texas insurance regulators say agents and adjusters can now take licensing exams at select sites in the state. The testing locations for Pearson VUE, the state’s testing contractor, had previously been closed do to the COVID-19 pandemic. The Texas Department …

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In a first, Missouri sues China over coronavirus economic losses

Posted: Apr 22, 2020

Missouri became on Tuesday the first U.S. state to sue the Chinese government over its handling of the coronavirus, saying that China's response to the outbreak that originated in the city of Wuhan brought devastating economic losses to the state.

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Coronavirus to Spur Largest Single Loss in Insurance History – Chubb CEO

Posted: Apr 22, 2020

The, will likely spur the largest single loss in insurance industry history, said Evan Greenberg, chief executive officer of Chubb Ltd, during a call with analysts on Wednesday. Chubb, one of the world’s largest insurers, reported its first-quarter financial results …

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Coronavirus already impacting insurers' IT budgets

Posted: Apr 22, 2020

Early research from Celent quantifies initial reactions

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Putting Autonomous Driving Back on the Road

Posted: Apr 22, 2020

The self-driving car was a dream deferred even before the Covid-19 outbreak brought the U.S. economy to a standstill. By early 2020, plans to launch robotaxi services had been pushed back or scaled down as excitement over driverless cars gave …

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CORONAVIRUS WRAP-UP: PROPERTY AND CASUALTY (4/22/2020)

Posted: Apr 22, 2020

Automobile InsuranceErie Insurance Offering $200M dividend to Auto Insurance Customers Amid PandemicIf Miles Driven Are Down, Why Are U.S. Auto Crashes Up?Business InterruptionFederal Lawsuits Target Insurers Over COVID-19 Business Interruption ClaimsCovid-Fueled Supply Chain Disruption a Crunch Poi...

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Chubb Reports Q1 Net Income Drop; Sees ‘Meaningful’ Coronavirus Impact Ahead

Posted: Apr 22, 2020

Chubb said that the coronavirus pandemic’s effects on its bottom line were relatively benign in the 2020 first quarter. But all bets are off for the months ahead. The global property/casualty insurer reported net income of $252 million, or $0.55 …

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Beazley estimates $170 million in coronavirus claims

Posted: Apr 22, 2020

nsurer Beazley PLC estimated coronavirus-related claims at $170 million on Wednesday and said it was rejecting claims from small companies for business interruption in the crisis, while also reporting a $55 million loss in the first quarter due to this year's selloff in financial markets.

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Putting Autonomous Driving Back on the Road: Roundtable

Posted: Apr 22, 2020

The self-driving car was a dream deferred even before the Covid-19 outbreak brought the U.S. economy to a standstill. By early 2020, plans to launch robotaxi services had been pushed back or scaled down as excitement over driverless cars gave …

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Litigation over business interruption insurance heats up

Posted: Apr 22, 2020

Lawyers are looking to consolidate lawsuits around BI losses stemming from COVID-19

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Travelers CEO Sounds Alarm: Lawyers Could Slow COVID Recovery

Posted: Apr 22, 2020

Travelers CEO Sounds Alarm: Lawyers Could Slow COVID Recovery During an earnings conference call yesterday, the leader of Travelers insurance alerted listeners to the possibility that frivolous lawsuits by plaintiffs lawyers could slow down the economic ...

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Changing virus guidance creates balancing act for essential employers

Posted: Apr 22, 2020

The coronavirus pandemic has created constantly changing safety challenges for employers operating businesses considered essential, such as grocery stores, delivery companies and food-processing plants, experts say.

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Legal Roundup: Airlines Sued Over COVID-19 Refunds, Tesla’s Twitter Lawsuit and More

Posted: Apr 22, 2020

Airlines Sued Over COVID-19 Refunds The Case: Adrian Bombin cancelled his Southwest Airlines flight to Havana, Cuba due to COVID-19. He expected a full refund. Instead he got a travel voucher. It led Bombin to sue the company in the hopes of becoming the catalyst for a class-action suit. Advertise...

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Engineering supply chain disruptions to continue

Posted: Apr 22, 2020

More than 75% of companies in Germany's engineering sector do not expect the supply-chain disruptions caused by the coronavirus pandemic to ease in the next three months.

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Cricket Australia could lose hundreds of millions of dollars due to pandemic

Posted: Apr 22, 2020

Kevin Roberts, chief executive of Australia's cricket governing body, said that it could lose hundreds of millions of dollars if this year's Test match tour by India is called-off because of the coronavirus pandemic.

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Chubb’s Net Income Plunges; Bigger Coronavirus Impact Predicted for Q2

Posted: Apr 22, 2020

Chubb’s Net Income Plunges; Bigger Coronavirus Impact Predicted for Q2 Chubb said that the coronavirus pandemic's effects on its bottom line were relatively benign in the 2020 first quarter. But all bets are off for the months ahead. The global property/casualty insurer ...

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