Special Coverage: COVID-19

Louisiana Extending License Renewal Dates for Insurance Agents, Adjusters

Posted: Apr 17, 2020

The Louisiana Department of Insurance says a new emergency rule extends the renewal dates for licenses of insurance producers and adjusters who have been negatively impacted by the business closures brought on by the COVID-19 pandemic. Emergency Rule 44 applies …

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Mixed ReactionsTo Workers CompCOVID-19 Expansions

Posted: Apr 17, 2020

State workers’ compensation boards around the country are amending rules for benefits payouts related to coronavirus, and several states have expanded or are considering widening access to workers comp coverage for COVID-19 beyond first responders and health care workers. Kentucky and Illinoi...

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How Data, Automation and Collaboration Must Shape the Future of Risk Management

Posted: Apr 17, 2020

The risks of the future, both near and far, are growing in complexity because of their interconnectivity. This is precisely what makes risk mitigation so challenging; every action may cause an unknowable reaction on another area of business or on a business’s long-term viability. Advertisement Es...

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The BI Top 10: Week of April 13, 2020

Posted: Apr 17, 2020

Coronavirus coverage accounted for every story in this week’s Top 10, with particular interest in whether insurers could be forced to cover virus-related business interruption claims. Even President Trump weighed in on the issue.

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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.

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California Nursing Home Reports 154 Virus Cases, 8 Deaths

Posted: Apr 17, 2020

A Central California nursing home has 154 cases of the coronavirus and eight residents have died in one of the largest single outbreaks in the state, it was reported. The numbers reported by Redwood Springs Healthcare Center in Visalia, a …

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Unico in California Offering Covid-19 Suspended Operations Insurance

Posted: Apr 17, 2020

Calabasas, Calif.-based Unico American Corp. announced that in response to the forced closure of so many small businesses due to the Covid-19 situation in California, Unico’s general agency subsidiary, Unifax Insurance System Inc., is now offering a Suspended Operations insurance …

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Mass. Attorney General Calls on Division of Insurance to Lower Auto Premiums

Posted: Apr 17, 2020

Massachusetts Attorney General Maura Healey’s office has called on the Massachusetts Division of Insurance (DOI) to direct all auto insurance companies doing business in the state to lower premiums during the COVID-19 pandemic. In a letter sent Monday to Massachusetts …

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Pager powers Horizon’s telemedicine solution for COVID-19 in NJ

Posted: Apr 17, 2020

Estimated reach of 2.1 million Commercial members (age 18 and up) and 108,000 Medicare members.

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HeyBryan to launch Duuo Gig Insurance in Q3 2020

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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CORONAVIRUS WRAP-UP: PROPERTY AND CASUALTY (4/17/2020)

Posted: Apr 17, 2020

Auto InsuranceStay-at-home Pandemic Orders Reduce Auto Claims Almost by HalfAs Coronavirus Empties Streets, Speeders Hit the GasBusiness InterruptionUK Watchdog Orders Insurers to Pay Small Business Claims QuicklyCannabis Insurance Pandemic Could Shrink Cannabis Insurers’ Premiums, Market Cyber Ins...

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The Biggest COVID-19 Risk Lesson? Don’t Ignore Uncertainty

Posted: Apr 17, 2020

Some 250 years ago, Benjamin Franklin warned us that, “In this world, nothing is certain except death, taxes, and the seasonal flu.” Or, at least, that’s what I think he said. We can’t verify the quote. None of his contemporaries are alive today. They paid their taxes and then died. Scientists know...

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Insurers’ Pause of Dividends Likely Shows Caution, Rather Than Credit Risks: S&P

Posted: Apr 17, 2020

Some global regulators are advising insurers to suspend dividend payments in response to the COVID-19 pandemic. If insurers do, they won’t have to worry about their credit quality, S&P Global Ratings said in a recent report. “Insurers’ decision to curb …

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Pager powers Horizon's telemedicine solution for COVID-19 in NJ

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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Insurers Respond to COVID-19 (4/17/2020)

Posted: Apr 17, 2020

Auto insurance refunds U.S. auto insurers will return more than $10 billion to their customers nationwide, according to an estimate released on April 11 by the Insurance Information Institute (Triple-I). We’ve listed many of the companies that are offering refunds in a previous post.  This wee...

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Policyholders mull suing Hiscox over business interruption claims

Posted: Apr 17, 2020

Policyholders are considering filing a class action lawsuit against insurer Hiscox Ltd. in the United Kingdom for rejecting their business interruption claims due to the coronavirus pandemic.

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Insurance sector to remain resilient despite pandemic

Posted: Apr 17, 2020

Malaysia-based RAM Rating Services Berhad expects the local insurance sector to remain resilient this year despite the considerable economic impact of the Covid-19 pandemic.

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Aon Jumps Into the COVID-19 Fray with an Online Resource for Businesses

Posted: Apr 17, 2020

As the COVID-19 crisis swept through the world, companies began frantically looking for information.Naturally, they turned to their insurance brokers with questions.  Am I covered for income loss? How is COVID-19 impacting my particular industry? When will it be safe to open offices again?  Compan...

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Insurers Suspending Dividends Shouldn’t Worry About Their Credit Quality: S&P

Posted: Apr 17, 2020

Insurers Suspending Dividends Shouldn’t Worry About Their Credit Quality: S&P Some global regulators are advising insurers to suspend dividend payments in response to the COVID-19 pandemic. If insurers do, they won't have to worry about their credit quality, S&P Global ...

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New Business Interruption Insurance Poses Risks to Chinese Insurers, Says Fitch

Posted: Apr 17, 2020

At the direction of the Chinese government, domestic insurers started selling business interruption insurance to cover Chinese enterprises against disruptions from the coronavirus outbreak, which may have unintended consequences. Fitch Ratings cautions that the move could pose risks to the …

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