Special Coverage: COVID-19
Posted: Apr 15, 2020
U.S. companies are grappling with how best to provide guidance on their earnings outlook as the novel coronavirus takes uncertainty to new heights and exposes them to potential shareholder lawsuits if forecasts prove misplaced.
Posted: Apr 15, 2020
Most Americans are under stay-a-home orders at this stage of the coronavirus pandemic, and stress is running high for myriad reasons. The pandemic has affected pets too. “Dogs that are used to kids being at school and adults at work are now finding themselves surrounded by their families 24/...
Posted: Apr 15, 2020
QBE Plans $825M Capital Raise to Help Weather COVID-19 Uncertainty QBE Insurance is planning to raise about $825 million in capital as a result of the economic and investment market uncertainty created by the coronavirus crisis. The company will raise approximately ...
Posted: Apr 15, 2020
Stay-at-Home Pandemic Orders Reduce Auto Claims Almost by Half: Snapsheet Insurers are reporting a 40 to 50 percent drop in claims volume for personal auto and a 30 to 40 percent reduction for commercial auto due to the coronavirus pandemic, an executive for ...
Posted: Apr 15, 2020
Hiscox Ltd. said in a statement Wednesday that its “core policy wordings” for U.K. businesses do not cover most business interruption claims related to the coronavirus pandemic.
Posted: Apr 15, 2020
Hiscox Ltd. said in a statement Wednesday that its “core policy wordings” for U.K. businesses do not cover most business interruption claims related to the coronavirus pandemic.
Posted: Apr 15, 2020
Arkansas Republican Gov. Asa Hutchinson signed an executive order Monday expanding workers compensation for occasional exposure to COVID-19 to first responders and health care workers.
Posted: Apr 15, 2020
Regulator Warns Most Small UK Companies Lack Pandemic Insurance Most insurance policies bought by smaller UK companies do not cover disruption caused by the coronavirus pandemic, but those that do should make interim pay-outs quickly, a watchdog said on ...
Posted: Apr 15, 2020
WASHINGTON — U.S. companies are grappling with how best to provide guidance on their earnings outlook as the novel coronavirus takes uncertainty to new heights and exposes them to potential shareholder lawsuits if forecasts prove misplaced. Measures to contain the …
Posted: Apr 15, 2020
New Jersey was the first state to propose a bill that would mandate insurers cover COVID-19-related losses under their business interruption policies, and the insurance industry was quick to express its concern. But that hasn’t stopped some states from rolling …
Posted: Apr 15, 2020
NEW YORK — Empty roads in the United States and Europe are tempting drivers to go out and shift into high gear. From Los Angeles to New York, London and Berlin, coronavirus lockdowns have drained traffic from normally crowded roads. …
Posted: Apr 15, 2020
Fox News commentators’ statements on the coronavirus were “core political speech” protected by the First Amendment, Fox News said in a motion filed Tuesday seeking to dismiss a lawsuit filed by a Washington state group that charges the news organization with violating the state’s Consumer Protection...
Posted: Apr 15, 2020
Recent data shows positive employment trends in the insurance industry; however, the full effects of COVID-19 remain unknown.
Posted: Apr 15, 2020
The industry needs to do a better job of working with this vulnerable segment of workers
Posted: Apr 15, 2020
3M Sues Over N95 Mask Price Gouging The Case: 3M sued a New Jersey company for attempting to resell N95 masks to New York City officials at a 500% markup. The lawsuit also alleges that the company, Performance Supply LLC, falsely claimed to be affiliated with 3M, according to CNBC. Advertisement...
Posted: Apr 15, 2020
Fairfax Financial Holdings Inc., which owns Crum & Forster, Allied World Assurance Co. Holdings Ltd. and several other insurers, expects to post a $1.4 billion loss for the first quarter of 2020 due to coronavirus-related investment losses.
Posted: Apr 15, 2020
Analysts: Auto Insurance Coronavirus Rebates a Solid Move in the Short Term Auto insurers have seen something new with the coronavirus pandemic: an historic reduction in driving due to millions of customers staying home and sheltering in place. That change led to carriers ...
Posted: Apr 15, 2020
The funds aim to assist developing nations in tackling the pandemic
Posted: Apr 15, 2020
Most insurance policies bought by smaller United Kingdom companies do not cover disruption caused by the coronavirus pandemic, but those that do should make interim pay-outs quickly, a watchdog said on Wednesday, as insurers come under fire for being slow to act.
Posted: Apr 15, 2020
Litigation Legal Experts Prepare for Battles Over Business Interruption Cover Travelers Sued Over Coronavirus Coverage Meal Delivery Services Sued Over Restaurant Prices Amid Pandemic Pandemic Relief Swiss Re Donates CHF 5 Million to Support COVID-19 Relief Efforts Axis Capital, Swiss Re Pledge D...
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