Special Coverage: COVID-19
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...
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 …
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 …
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 …
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 …
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.
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 …
Posted: Apr 22, 2020
Early research from Celent quantifies initial reactions
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 …
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...
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 …
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.
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 …
Posted: Apr 22, 2020
Lawyers are looking to consolidate lawsuits around BI losses stemming from COVID-19
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 ...
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.
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...
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.
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.
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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