Special Coverage: COVID-19

Business Interruption Claims Related to COVID-19

Posted: Apr 01, 2020

By Michael Menapace, Esq.  The COVID-19 pandemic is unprecedented in many ways.  The human toll is first and foremost on our minds (as it should be), but as an insurance professional, I’ll stay in my lane and address one of the economic impacts – business interruption.  Businesses Looki...

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Calls made for coronavirus insurance bill

Posted: Apr 01, 2020

Expert says a bill would help take out all the uncertainty American businesses are experiencing

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Munich Re reveals coronavirus hit

Posted: Apr 01, 2020

It admits it will not reach its profit guidance as it takes blow from surge in insurance claims

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COVID-19 and Retail Supply Chains: What Panic Buying Is Teaching Us

Posted: Apr 01, 2020

Are you running low on toilet paper? So is everyone.  Since the first coronavirus case was confirmed in the United States, “panic-buying” has hit grocery stores, convenience stores and pharmacies. Retailers are fighting to keep the shelves stocked and the doors open, all while keeping COVID-19 out o...

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Comp sector faces security risks as it shifts online

Posted: Apr 01, 2020

As many workers compensation processes move online amid the COVID-19 pandemic, organizations are more vulnerable to cyberattacks, experts say.

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Film producers push for insurers to cover coronavirus damage

Posted: Apr 01, 2020

French film producers are pushing for insurers to cover damage caused by the coronavirus pandemic.

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Australian firm to help businesses address coronavirus effects

Posted: Apr 01, 2020

Australia-based risk and reputation consulting firm First Light Consulting has formed a crisis response team to help businesses address the impacts of the coronavirus outbreak.

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Munich Re Withdraws 2020 Profit Guidance on COVID-19 Uncertainties

Posted: Apr 01, 2020

Munich Re is withdrawing its profit guidance of €2.8 billion (3.1 billion) for 2020 as a result of the “great uncertainty” caused by the macroeconomic and financial impacts of COVID-19 in combination with the reinsurer’s expected man-made and natural-catastrophe losses …

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Alabama Issues Industry Guidance on COVID-19, Classifies Insurance as Essential

Posted: Apr 01, 2020

Alabama Commissioner of Insurance Jim Ridling has asked insurers writing business in the state to consider leniency and flexibility for policyholders in light of the current coronavirus outbreak, as well as confirmed that insurance operations can continue during shutdown orders. …

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EU Countries Give Guarantees to Credit Insurers to Prevent Coverage Cuts

Posted: Apr 01, 2020

European Union states are giving guarantees to credit insurers in a bid to keep coronavirus-hit companies afloat, as some firms cut cover for trade involving bloc members such as Italy and Spain, sources said. Without insurance, companies can be reluctant …

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National Bank of Greece Halts Sale of Ethniki Insurance on COVID-19 Crisis: Sources

Posted: Apr 01, 2020

National Bank of Greece SA has halted the sale of its Ethniki Insurance unit after the coronavirus pandemic dashed any lingering hopes of a successful auction, according to people familiar with the matter. In addition to the market rout, bids …

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What Florida Agents Need to Know During Coronavirus Crisis

Posted: Apr 01, 2020

Florida is a catastrophe-prone state when it comes to weather, but the challenges brought about from a non weather-related catastrophe like the current COVID-19 pandemic brings about a host of new issues that Florida insurance agents are just learning how …

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Coronavirus Relief Loans Will Be Available for Small Businesses Friday

Posted: Apr 01, 2020

The United States’ new $350 billion small-business coronavirus rescue loan program could see millions of applications when it launches on Friday, senior Trump administration officials said on Tuesday. Officials from the U.S. Treasury and Small Business Administration, which are jointly …

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Main Street Wig Shop Among New Litigants in COVID Claims Battle

Posted: Apr 01, 2020

As coronavirus spreads across the country, litigation against insurers for denying claims caused by the pandemic is spreading along with it. A group of Chicago businesses and a Houston-area wig store are the latest litigants to press business-interruption claims against …

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Munich Re Withdraws Profit Guidance, Pauses Share Buybacks Due to Coronavirus Strain

Posted: Mar 31, 2020

Munich Re Withdraws Profit Guidance, Pauses Share Buybacks Due to Coronavirus Strain Munich Re said its property/casualty reinsurance segment is facing considerable strain due to the coronavirus pandemic, largely because of losses connected to widespread cancellation and postponement ...

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A Survival Guide for Work from Home Newbies

Posted: Mar 31, 2020

If you're used to working in an office environment full time, the change to working from home in response to the coronavirus can leave you discombobulated. Here are three hints to get you started on the right foot.

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A Beginner's Guide to Working from Home

Posted: Mar 31, 2020

If you're used to working in an office environment full time, the change to working from home in response to the coronavirus can leave you discombobulated. Here are three hints to get you started on the right foot.

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Navigating our strange new world

Posted: Mar 31, 2020

There is likely to be a new version of normal for us all in the wake of COVID-19 and its economic fallout.

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How to heed privacy law in the midst of a pandemic

Posted: Mar 31, 2020

Coronavirus hasn’t dismantled privacy protections in GDPR, CCPA and other privacy laws, yet.

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Implications of coronavirus for North American life and annuities writers

Posted: Mar 31, 2020

The coronavirus crisis is an extremely complex challenge to North American life and annuities companies, and the uncertainties about transmission rates during the coming months will require them to make unprecedented changes. In addition to making immediate adjustments to their operations, insurers...

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