Special Coverage: COVID-19

Hannover Re, Parent Firm Talanx Withdraw 2020 Profit Guidance on Virus Uncertainties

Posted: Apr 22, 2020

In view of the ongoing COVID-19 crisis and the associated uncertainties surrounding both the claims development and the capital market environment, Hannover Re and its parent company, Talanx, have withdrawn their profit guidance for 2020. “It is still too soon …

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Travelers posts 25% drop in quarterly profit

Posted: Apr 22, 2020

The insurer also warned of rising claims as the COVID-19 outbreak continues

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Beazley points to the impact of COVID-19 on its Q1 results

Posted: Apr 22, 2020

Gross premiums written are up significantly compared to the same period one year earlier

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Beazley details the impact of coronavirus on its Q1 results

Posted: Apr 22, 2020

"Our aim is to support our brokers and clients as much as possible in these challenging times"

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Conspiracy Theorists Set Fire to Europe’s 5G Network Towers, Claiming Link to COVID-19

Posted: Apr 22, 2020

The CCTV footage from a Dutch business park shows a man in a black cap pouring the contents of a white container at the base of a cellular radio tower. Flames burst out as the man jogs back to his …

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Georgia Governor Gives Certain Businesses Greenlight to Reopen Friday

Posted: Apr 22, 2020

Georgia’s governor announced plans Monday to restart the state’s economy before the end of the week, saying many businesses that closed to mitigate the spread of the coronavirus could reopen as early as Friday. The governor in neighboring Tennessee planned …

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Georgia Governor Gives Certain Businesses Green Light to Reopen Friday

Posted: Apr 22, 2020

Georgia’s governor announced plans Monday to restart the state’s economy before the end of the week, saying many businesses that closed to mitigate the spread of the coronavirus could reopen as early as Friday. The governor in neighboring Tennessee planned …

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Florida Dive Shop Alleges Insurer Breach of Contract, Bad Faith in BI Denial Suit

Posted: Apr 22, 2020

A dive shop in South Florida is one of the first businesses in the state to file suit against its insurer for the denial of a business interruption claim initiated because of the current coronavirus pandemic. The lawsuit, Mace Marine …

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Florida Dive Shop Alleges Insurer Breach of Contract, Bad Faith in BI Coverage Denial Suit

Posted: Apr 22, 2020

A dive shop in South Florida is one of the first businesses in the state to file suit against its insurer for the denial of a business interruption claim initiated because of the current coronavirus pandemic. The lawsuit, Mace Marine …

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Employers Pushing Back as States Expand Work Comp to Cover COVID-19

Posted: Apr 22, 2020

As more states take action to ensure workers who contract COVID-19 are eligible for workers’ compensation, employers in Illinois are hoping to block one of the nation’s most expansive emergency rules. The Illinois Technology & Marketing Association (TMA) said in …

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Mutual Insurance Company of Arizona Declares $12M Dividend to Help in COVID-19 Pandemic

Posted: Apr 22, 2020

Mutual Insurance Company of Arizona has declared a special dividend designed to provide economic relief to its members. The company will distribute a $12 million dividend to all members with policies in-force as of April 30. The dividend will be …

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Fundamental Shift in Life Insurance? by Lewis Goldman

Posted: Apr 21, 2020

We are living through extraordinary times, the first truly worldwide pandemic in our lifetimes, which has effectively halted economies and introduced the concepts of #socialdistancing and #flatteningthecurve into the vernacular (not to mention #PPE). Beyond the horrific infection rate and loss of l...

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North Carolina Farm Bureau Insurance to Give Insureds 20% Dividend on Auto Premiums

Posted: Apr 21, 2020

North Carolina Farm Bureau Insurance will provide a 20% dividend payment to its automobile policyholders for April and May 2020 in light of the COVID-19 pandemic. The company announced the “Here for You Promise” 20% dividend was approved by its …

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Sustainability in the Time of Coronavirus? by Ben Harper

Posted: Apr 21, 2020

Since the world went on lockdown to stop the spread of the novel coronavirus (COVID-19), satellite images from NASA have captured an unlikely view of planet Earth. Pictures from space showed a dramatic drop in pollution over Wuhan after the central Chinese city implemented coronavirus-related restr...

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When Companies Need to Report They Have Infected Workers: Q&A

Posted: Apr 21, 2020

Almost all U.S. companies are likely to include in their quarterly filings broad statements on risks the ongoing coronavirus pandemic poses to their businesses. Should they be disclosing more? Smithfield Foods Inc., the world’s biggest pork processor, recently announced it …

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What Companies Need to Disclose on Coronavirus Infections: Q&A

Posted: Apr 21, 2020

Almost all U.S. companies are likely to include in their quarterly filings broad statements on risks the ongoing coronavirus pandemic poses to their businesses. Should they be disclosing more? Smithfield Foods Inc., the world’s biggest pork processor, recently announced it …

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Latest Class Actions Over Business Interruption Target 6 Insurers

Posted: Apr 21, 2020

A Minnesota dentist, an Ohio bridal shop and a New York pizzeria are among six small businesses that are the latest to sue insurers seeking compensation for business interruption claims due to the coronavirus crisis. The lawsuits, which are class …

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Student of the Industry: Coronavirus Cleanup and Contractors Pollution Liability

Posted: Apr 21, 2020

When the coronavirus-induced shutdown ends, it's likely many businesses will seek out decontamination firms. If any of those are your clients, are they protected?

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Homeowners insurance coverage for COVID-19 cleanup

Posted: Apr 21, 2020

Coverage Q&A: Does insurance cover the costs to sanitize the insured's home after it was exposed to the coronavirus?

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Presenting Characteristics, Comorbidities, and Outcomes Among 5700 Patients Hospitalized With COVID-19 in the New York City Area

Posted: Apr 21, 2020

This study aimed to describe the clinical characteristics and outcomes of patients with COVID-19 hospitalized in a U.S. healthcare system. The study included 5,700 with patients with a median age of 63 years old admitted to 12 hospitals in New York City, Long Island and Westchester County, New York...

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