Special Coverage: COVID-19

P/C Insurance Least Likely to Default Due to Coronavirus: S&P Credit

Posted: Apr 19, 2020

Compared to others, the property/casualty insurance industry is weathering the coronavirus crisis rather well. Property/casualty insurance is the least-impacted industry by the coronavirus pandemic, at least so far, according to an analysis from S&P Global Market Intelligence. S&P compiled its …

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ACI Worldwide Introduces ‘Delay My Payment’ Capability

Posted: Apr 19, 2020

As more consumers face bill payment difficulties due to COVID-19, ACI Speedpay assists consumers and billers with digital communication and payment planning options.

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Watsa’s Fairfax Discloses Q1 $1.4B Net Loss From COVID-19 Financial Markets Plunge

Posted: Apr 19, 2020

Watsa’s Fairfax Discloses Q1 $1.4B Net Loss From COVID-19 Financial Markets Plunge Fairfax Financial Holdings warned it is dealing with an estimated $1.4 billion net loss in the 2020 first quarter, largely because of COVID-19 and its adverse impact on the global financial market. ...

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Watsa’s Fairfax Financial Discloses Q1 $1.4B Net Loss From COVID-19 Financial Markets Plunge

Posted: Apr 19, 2020

Watsa’s Fairfax Financial Discloses Q1 $1.4B Net Loss From COVID-19 Financial Markets Plunge Fairfax Financial Holdings warned it is dealing with an estimated $1.4 billion net loss in the 2020 first quarter, largely because of Covid-19 and its adverse impact on the global financial market. ...

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California Workers’ Comp Rating Bureau OK’s Special COVID-19 Filing

Posted: Apr 17, 2020

The governing committee of the Workers’ Compensation Insurance Rating Bureau of California on Friday voted unanimously for a special regulatory filing that includes excluding COVID-19 claims from the experience rating and excluding payments to employees who continue to be paid …

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How Much Industries, States Are Getting in Loans Under Paycheck Protection Program

Posted: Apr 17, 2020

The construction industry is top among industries receiving funds from the federal government’s new Paycheck Protection Program designed to help small businesses survive the shutdowns that are in place across the country due to the coronavirus pandemic. Thus far, almost …

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Who Got Money in Small Business Paycheck Protection Program?

Posted: Apr 17, 2020

WASHINGTON/SAN FRANCISCO, April 17 (Reuters) – Over two frantic weeks, the U.S. government pledged $350 billion to Main Street businesses across America desperate for cash after coronavirus lockdowns. Now a picture is emerging of who got the money. More than …

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Utah passes bill to provide first responders with comp for COVID

Posted: Apr 17, 2020

Utah lawmakers passed legislation Thursday that would create a rebuttable presumption for first responders who contract COVID-19 on the job.

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Florida Nursing Home COVID-19 Cases Top 1,300; 30 Test Positive at Tampa Bay Facility

Posted: Apr 17, 2020

About 30 patients and staff members at a Tampa Bay area nursing home have tested positive for the coronavirus and some patients have been taken to three hospitals for treatment, officials said. Other residents at the Freedom Square Seminole Nursing …

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Carnival CEO Says Company Followed Safety Protocols in Outbreaks on 2 Cruise Ships

Posted: Apr 17, 2020

Carnival Corp. Chief Executive Officer Arnold Donald defended the company’s safety record on Thursday, telling reporters in a media call that Carnival followed protocols from international authorities while handling high-profile coronavirus outbreaks aboard two of its ships. On Feb. 3 …

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Coronavirus: Hold Music, Noise Wreck Court Hearing by Phone

Posted: Apr 17, 2020

ATLANTA — It was a court hearing gone awry in the time of the coronavirus: Legal arguments in a lawsuit over gun carry licenses were repeatedly interrupted by hold music, background noise and failures of the mute button. And it …

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Allianz CEO Baete Warns Coronavirus Will Cause ‘Huge Losses’ for Insurers

Posted: Apr 17, 2020

Allianz CEO Baete Warns Coronavirus Will Cause ‘Huge Losses’ for Insurers Allianz SE Chief Executive Officer Oliver Baete warned the coronavirus has upended insurers' business models and will cause "massive" losses across the industry. The virus has forced closures across ...

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Short term car insurance Lenny has shut down

Posted: Apr 17, 2020

According to Nielsen, their backers are no longer in a position to provide them with the funding they need and with the Coronavirus outbreak so fresh they were forced to end their journey. 

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FBI Official Says Foreign Hackers Have Targeted COVID-19 Research

Posted: Apr 17, 2020

A senior cybersecurity official with the Federal Bureau of Investigation said on Thursday that foreign government hackers have broken into companies conducting research into treatments for COVID-19, the respiratory illness caused by the coronavirus. FBI Deputy Assistant Director Tonya Ugoretz …

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South Dakota COVID-19 Cases at Meat Plant Top 1.1K; One Worker Dies

Posted: Apr 17, 2020

The number of people testing positive for the coronavirus in South Dakota has surpassed 1,100, and more than half of those cases have some connection to the Smithfield Foods pork processing plant in Sioux Falls. Health officials said on April …

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Coronavirus Confirmed on Offshore Oil Platforms in Gulf

Posted: Apr 17, 2020

The new coronavirus that causes COVID-19 has been confirmed in more than two dozen people working on oil platforms in the Gulf of Mexico, the Coast Guard said. While an offshore rig might seem like an unlikely place for the …

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Tyson Foods: 2 Iowa Plant Employees Dead After Virus Outbreak

Posted: Apr 17, 2020

Two employees have died following a coronavirus outbreak that has sickened scores of Tyson Foods workers at a large pork plant in southeastern Iowa, the company said. The deaths of the workers at Tyson plant in Columbus Junction are the …

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Tyson Foods: 2 Iowa Pork Plant Employees Dead After Virus Outbreak

Posted: Apr 17, 2020

Two employees have died following a coronavirus outbreak that has sickened scores of Tyson Foods workers at a large pork plant in southeastern Iowa, the company said. The deaths of the workers at Tyson plant in Columbus Junction are the …

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