Special Coverage: COVID-19
Posted: Apr 15, 2020
Safety Insurance has announced a premium reduction plan and several other steps to meet policyholder and community needs during the ongoing COVID-19 pandemic. The Safety Personal Auto Relief Credit offers eligible Safety Insurance personal auto policyholders that have a policy …
Posted: Apr 15, 2020
As government entities struggle to respond to the novel coronavirus and resources are stretched to the limit, IT security may not be getting the focus it really needs. That’s a serious issue for government entities, which were already struggling mightily on IT security, according to the latest State...
Posted: Apr 15, 2020
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 Wednesday, as insurers come under fire for being slow to …
Posted: Apr 15, 2020
The U.S. agency that enforces workplace safety laws has said it will prioritize work site inspections of healthcare facilities over other “essential” businesses that remain open during the coronavirus outbreak. The Occupational Safety and Health Administration (OSHA) said in guidance …
Posted: Apr 15, 2020
Telemedicine is catching on in workers comp amid the COVID-19 pandemic, as patients and providers grow more comfortable with the technology and state regulators eliminate barriers to its adoption.
Posted: Apr 15, 2020
Several states have expanded or are considering widening access to workers compensation coverage for COVID-19 beyond first responders and health care workers to include all workers labeled essential.
Posted: Apr 15, 2020
Insurers may be forced to liquidate their reserves to pay for pandemic business interruption claims
Posted: Apr 15, 2020
Thailand’s banking sector expects to lose 1.3 trillion Thai baht ($40 billion) due to the coronavirus pandemic.
Posted: Apr 15, 2020
Malaysia-based RAM Rating Services Berhad expects the coronavirus pandemic to cripple the growth of the local insurance and takaful industry this year.
Posted: Apr 15, 2020
Risks plaguing different niche markets make navigating insurance coverage tough for any organization. A farmer and a start-up tech company may both begin as small businesses, but they won’t be covering the same risks, so why settle for the same liability coverage? The 1950s saw the emergence of capt...
Posted: Apr 15, 2020
As COVID-19 ravages the globe, efforts to “flatten the curve” have resulted in stay-at-home orders in most states — bringing the typical office-bound arrangements of the workers’ compensation industry to a screeching halt. Advertisement While the insurance industry has largely escaped the economi...
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
QBE Insurance is planning to raise about US$825 million in capital as a result of the economic and investment market uncertainty created by the coronavirus crisis. The company will raise approximately $750 million of equity via an institutional placement and …
Posted: Apr 15, 2020
It will partner with non-profits to provide both local and global relief
Posted: Apr 15, 2020
The crisis taught us a lot about what we can plan for, how digital can change the trajectory of our business lines, and how at the heart of digital solutions will always be a dedicated workforce.
Posted: Apr 15, 2020
Europe should not cede its sovereignty to Silicon Valley when it comes to using technology to help trace those at risk of coronavirus infection, the German developers of a smartphone app said on Tuesday. Apple and Google said last week …
Posted: Apr 15, 2020
The insurance industry relies heavily on catastrophe modeling to set capital adequacy, adhere and respond to evolving regulatory requirements and stress test portfolios. The same is now increasingly true of the cyber catastrophe sphere, in which key areas of focus include how models can help with c...
Posted: Apr 15, 2020
Farm Bureau Insurance of Tennessee said it will issue $30 million in special payments to its auto policyholders in the state in response to economic stresses caused by the coronavirus emergency. The special payment is based on approximately 24% of …
Posted: Apr 15, 2020
The last several months have shown the fragile and connected nature of our global economy. If four months ago you would have told someone that we would be in a situation with record global unemployment, historic government economic stimulus, people sheltering in place, all occurring in less than si...
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