Special Coverage: COVID-19

Claims Pros Can Help Business Clients Proactively Mitigate COVID-19 Risk

Posted: Apr 21, 2020

Businesses across the country have been forced to temporarily close or adjust operations in compliance with stay-at-home orders and social distancing regulations as government leaders strive to reduce the spread of COVID-19. Some industries have been impacted more than others, …

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What Every Director Needs to Know by Paul Ferrillo

Posted: Apr 20, 2020

We often get called into corporate calamities where “heavy water” is starting to overwhelm the bilge pump of the corporate yacht. Especially in situations like today, where the markets are stuck in bear market territory, where the oil markets have collapsed, where the coronavirus rampages through t...

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Companies Are Facing New Types of Digital Theft. Here’s How They Can Better Protect Themselves

Posted: Apr 20, 2020

Crime risk is one of the most dangerous threats to small and mid-sized businesses. Theft can be committed by an employee or a third party outside the organization via traditional means — like employee-run check tampering and payroll schemes — or digitally, like third party phishing scams and other...

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CEO perspective: Business continuity during COVID-19

Posted: Apr 20, 2020

A special edition of the Out Front Ideas series discussed the challenges businesses are facing and how they are adapting.

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Travelers hits back with COVID-19 claims denial suit

Posted: Apr 20, 2020

Travelers Cos. Inc. fired back against a policyholder seeking business interruption coverage for coronavirus-related losses, filing suit against a Los Angeles lawyer who sued the insurer earlier this month.

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COVID-19 Will Have Biggest Impact on Cannabis Space, Poll Shows

Posted: Apr 20, 2020

COVID-19 will have the biggest impact on cannabis and insurance the rest of this year and into the foreseeable future, according to the majority of participants in Insurance Journal’s April 15 webinar “Insuring Cannabis: From the Mechanics to Seeing Through …

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Coronavirus-Related Business Failures, Layoffs Will Cause Significant Impact on Workers Compensation Cover

Posted: Apr 20, 2020

Coronavirus-Related Business Failures, Layoffs Will Cause Significant Impact on Workers Compensation Cover A new analysis of the economic effects of the coronavirus finds that while layoffs of workers will have the most immediate effect on workers' compensation, a rise in business failures could pos...

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COVID-19 Aftermath: Employers May Exclude Payroll to Employees Not Working for Workers Comp

Posted: Apr 20, 2020

COVID-19 Aftermath: Employers May Exclude Payroll to Employees Not Working for Workers Comp Businesses that have suspended operations due to COVID-19 but continue to pay employees who are at home but not working will not have to include the payroll paid to these employees in the calculation ...

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British Insurers Pursue Government Trade Credit Backstop

Posted: Apr 20, 2020

British Insurers Pursue Government Trade Credit Backstop British insurers are talking to the government about a backstop for trade credit insurance to support business supply chains hit by the coronavirus pandemic, an industry trade body said. States such ...

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California virus comp costs projected to reach as high as $33.6B

Posted: Apr 20, 2020

Expanding workers compensation to include a COVID-19 presumption for essential workers in California could carry an annual price tag of as much as $33.6 billion — 61% of the estimated total cost of the state’s workers comp system prior to the pandemic, the Workers Compensation Insurance Rating Burea...

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California State Fund Announces $165M More for COVID-19 Impacts

Posted: Apr 20, 2020

California’s State Compensation Insurance Fund on Monday announced another series of actions designed to support policyholders and workers affected by the COVID-19 crisis, including doubling the size of its newly announced Essential Business Support Fund announced earlier this week to …

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California State Fund to Accept All Essential Worker COVID Claims; Adds to Safety Fund

Posted: Apr 20, 2020

California’s State Compensation Insurance Fund on Monday announced another series of actions designed to support policyholders and workers affected by the COVID-19 crisis, including doubling the size of its newly announced Essential Business Support Fund announced earlier this week to …

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Smartcar’s telematics-driven premium refunds

Posted: Apr 20, 2020

Amid the COVID-19 pandemic, Smartcar’s mileage verification API allows auto insurance providers to calculate premiums accurately and assist policyholders with fairer refunds. COVID-19 challenges Auto insurance companies and their policyholders...

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Omniscience launches first life insurance underwriting automation suite designed for today’s highly complex business environment

Posted: Apr 20, 2020

Covid-19 Pandemic Underscores the Life Insurers Challenges PALO ALTO, CA – APRIL 20, 2020 – Omniscience today announced a new software suite that will, for the first time, automate life...

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Coronavirus pours gas on the tech revolution

Posted: Apr 20, 2020

Changes that would have occurred over the course of years are happening in weeks.

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COVID-19: Stark Choices Amid Structural Change by Paul Carroll

Posted: Apr 20, 2020

My Dad often said he’d rather be lucky than good. Now that it’s becoming clear that the coronavirus shutdown will cause a more prolonged and deeper economic slump than many initially thought and likely lead to permanent, structural change in the economy, it seems to me that those are the two options...

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Insurers shouldn't be forced into coronavirus relief

Posted: Apr 20, 2020

When the government instead purports to rewrite the terms of policies already in force, serious problems arise.

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Lawyers file multiple class actions seeking virus coverage

Posted: Apr 20, 2020

A group of law firms filed six class action lawsuits against insurers in federal courts from California to New York on Friday on behalf of commercial policyholders seeking business interruption coverage for coronavirus-related losses.

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Coronavirus update: Protests erupt, insurance coverage lawsuits and more

Posted: Apr 20, 2020

Here is a round-up of essential COVID-19-related news from around the world on April 20, 2020.

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