Special Coverage: COVID-19

COVID-19: A tipping point for insurance digital transformation?

Posted: Mar 25, 2020

It is critical to assess insurers’ internal operations and the implications for employees.

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AM Best Warns Losses Could Be Big for P/C Insurers Writing Event Cancellation Business

Posted: Mar 25, 2020

Although event cancellation insurance represents a very small percentage of overall property/casualty premium, the losses for carriers that write this line of business amid the COVID-19 outbreak still could be significant, according to a new AM Best commentary. Losses on …

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How East Insurance Regulators Are Responding to the Coronavirus Pandemic

Posted: Mar 25, 2020

As insurers continue to monitor the spread and impact of COVID-19, insurance regulators across the East region of the U.S. are issuing guidance on how the industry can respond. “There is almost no aspect of the insurance business that would …

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Gallagher Bassett creates coronavirus task force

Posted: Mar 25, 2020

Idea is to ensure the company's business and its clients' claims are processed amid the pandemic

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Coronavirus - Tribes taking Lloyd's of London underwriters and leading insurers to court

Posted: Mar 25, 2020

Lawsuits place focus on 'all risk' policies

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Employees Abroad? Here’s How Foreign Voluntary Workers’ Compensation Can Help

Posted: Mar 25, 2020

With the emergence of COVID-19, the risks of business travel have taken center stage as employees traveling to other countries or even just national conferences brought the risk of disease back into their offices.  Advertisement Outside of a global pandemic, traveling workers still carry many mo...

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COVID-19 and Business Continuity: Is Your Plan Ready or Not?

Posted: Mar 25, 2020

I am writing this column in the midst of our global COVID-19 nightmare. By now, your pre-designed continuity plans have gone live and are operational to varying degrees of success. But honestly, many of us never imagined requiring a continuity plan for something this pernicious. And many of us have...

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Mining firms to reduce operations amid outbreak

Posted: Mar 25, 2020

The Colombian Mining Association has said that local mining firms plan to reduce operations to slow the spread of coronavirus.

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UK, U.S. Banks and Regulators Warn of Wave of Coronavirus Scams

Posted: Mar 25, 2020

UK banks are stepping up fraud prevention measures to protect customers from scammers eager to exploit the coronavirus pandemic with a whole range of new tricks, including fake sales of medical supplies and bogus government relief schemes. With British households …

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Standing Strong in the Moment of Truth by Deb Smallwood

Posted: Mar 25, 2020

In a blink of an eye, the world – society and all of humanity – are being stressed at every level imaginable due to the rapid spread of COVID-19. No one could ever have imagined or planned what this could really be like … including our industry. But since the beginnings of insurance, we have had a...

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COVID-19 and Need for Decision Intelligence by Craig Bedell

Posted: Mar 25, 2020

The amount of vim, vigor and rigor brought to decision-making will determine the extent to which the insurance industry will harness the insights provided from enhanced analytics, artificial intelligence, machine learning and cognitive computing. The topic of operational decision management (ODM) i...

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CRU Group donates protective equipment to Florida hospitals

Posted: Mar 25, 2020

The company has donated masks, gloves and hazmat suits for use in combatting COVID-19

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Airports with the fewest flight cancellations in 2019

Posted: Mar 25, 2020

As the COVID-19 pandemic rages on across the globe, the airline industry continues to be the most devastated sector thus far.

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What State Insurance Regulators Have Asked of P/C Insurers to Address Coronavirus Impact

Posted: Mar 25, 2020

As state insurance regulators monitor and respond to the coronavirus impact on insurance, property/casualty insurers are calling on them to coordinate their requests for data and ease up on some requirements. David A. Sampson, president and CEO of the American …

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What State Insurance Regulators Have Asked of P/C Insurers to Address Coronavirus

Posted: Mar 25, 2020

As state insurance regulators monitor and respond to the coronavirus impact on insurance, property/casualty insurers are calling on them to coordinate their requests for data and ease up on some requirements. David A. Sampson, president and CEO of the American …

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Casino Gambles on Coronavirus Business Interruption Lawsuit Against Lloyd’s, AIG, XL

Posted: Mar 24, 2020

A Native American tribe on Tuesday sued a group of insurance companies, asking a court to declare that losses it is incurring from shutting down its casinos during the coronavirus pandemic are covered by insurance. Among the defendants named in …

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Insurers Know They’re Essential, and Coronavirus Business Shutdowns Prove It

Posted: Mar 24, 2020

Insurers Know They’re Essential, and Coronavirus Business Shutdowns Prove It Insurance industry professionals might take some pride in knowing that they are considered essential. In states where only essential businesses are allowed to keep operations going during the ...

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Coronavirus (COVID-19): Does Business Income Respond?

Posted: Mar 24, 2020

Over the past two weeks, the VU has received countless questions concerning COVID-19 (the coronavirus) and the business income policy. As authorities require businesses to limit activities or shut down completely, the fear and reality of the loss of income …

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Coronavirus and the Auto Exposure

Posted: Mar 24, 2020

Over the last several days the VU has fielded several auto insurance related questions. These questions cannot be classed simply as personal auto or business auto questions because the most common question involves both polices. As of this writing, 21 …

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COVID-19 Should Force Rethink of Wisdom of Monopoly State Funds

Posted: Mar 24, 2020

The COVID-19 outbreak is expected to hit the workers’ compensation insurance market hard. After a long stretch of declining costs that saw rates fall nationwide from 2015 to 2019, claims for workers infected by the virus while on the job …

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