Special Coverage: COVID-19
Posted: Mar 31, 2020
The Financial Times reports that U.S. lawmakers and lawyers are considering efforts to force insurance companies to pay claims related to the coronavirus pandemic. Congress also is debating the need for legislation to require insurers to cover costs from business interruption caused by the pandemic....
Posted: Mar 31, 2020
The property/casualty insurance industry has joined a broad business coalition in supporting and crafting a new federal relief fund for businesses and workers affected by the quarantine and stay-at-home measures necessitated by the coronavirus crisis. The new relief vehicle, the …
Posted: Mar 31, 2020
Hours after the results of a risk model reached the public, U.K. Prime Minister Boris Johnson and U.S. President Donald Trump asked nearly 400 million people to upend their lives. A group of epidemiologists at Imperial College London published the …
Posted: Mar 31, 2020
The Colorado Department of Health has released the names and locations of nine of the 10 nursing homes and long-term care facilities that are facing outbreaks of COVID-19 in response to a public records request filed by The Denver Post. …
Posted: Mar 31, 2020
Massachusetts is one of the latest states to propose legislation that would mandate insurers cover COVID-19 related business interruption claims despite virus exclusions in many policies. This comes as Insurance Journal reported legislators in New Jersey and Ohio have floated …
Posted: Mar 31, 2020
When nine police officers showed up to make an arrest near Melrose Avenue in the Bronx last Wednesday, none wore a mask or gloves to protect them from coronavirus. Similar scenes play out all over the city daily: officers making …
Posted: Mar 31, 2020
When I saw this article in the Wall Street Journal this week, on how states are pressuring insurers to pay business interruption claims related to COVID-19 even though policies specifically exclude pandemics, I was reminded of my first encounter with the “deep pockets” theory that is driving the pr...
Posted: Mar 31, 2020
CEO Viewpoint: How COVID-19 May Impact P/C insurance—Now And Going Forward The spread of COVID-19 across the globe and the associated economic fallout are evolving extremely rapidly, creating one of the most defining challenges of our time. In the past days, I have spoken ...
Posted: Mar 31, 2020
Insurers, brokers and commercial buyers are adapting to the challenge of negotiating and completing insurance policy renewals while working remotely and avoiding close contact amid the COVID-19 pandemic.
Posted: Mar 31, 2020
A Longer Coronavirus Crisis Creates Greater Underwriting Loss Uncertainty: Fitch North American property/casualty insurers will likely face increasing coronavirus-related financial challenges as the pandemic crisis drags on, Fitch Ratings said in a new report. "Claims experience ...
Posted: Mar 31, 2020
QBE Withdraws 2020 Financial Targets Over COVID-19 Uncertainty QBE, in a potential harbinger of things to come from other carriers, has withdrawn its 2020 financial targets due to COVID-19 uncertainty. "In light of the unprecedented COVID-19 pandemic and ...
Posted: Mar 31, 2020
Under Australia's WorkSafe ACT, insurers need to make arrangements for workers’ compensation claims should employees contract coronavirus while on the job.
Posted: Mar 31, 2020
The China Banking and Insurance Regulatory Commission's Shanghai unit said than 36 property/casualty insurers have paid compensation of nearly 9 million Chinese yuan ($1.3 million) to 271 corporate customers affected by the coronavirus outbreak.
Posted: Mar 31, 2020
When the Dean of Harvard Business School, Nithin Nohria, gave his inaugural interview with the school’s newspaper The Harbus in September 2010, he discussed the important role business plays in society. Advertisement “My father was CEO of Crompton Greaves in India. I saw the impact business c...
Posted: Mar 31, 2020
Decision on future of event to be announced soon
Posted: Mar 31, 2020
QBE released its 2019 full year results on Feb. 17, 2020, which included an outlook statement that included combined operating ratio and net investment return targets for the 12 months ended Dec. 31, 2020. However, QBE has decided to withdraw …
Posted: Mar 31, 2020
Global mergers and acquisitions activity plunged 28% in the first quarter to its lowest level since 2016 as the devastating economic effects of the coronavirus pandemic took hold in March, compounding a slow start to the year for dealmakers. Deal …
Posted: Mar 31, 2020
Medicare telehealth policy changes are putting pressure on private plans to follow suit.
Posted: Mar 31, 2020
Mississippi Gov. Tate Reeves is allowing many businesses to remain open amid the coronavirus pandemic, but he repeated Friday that some should voluntarily change the way they operate. The Republican added a new twist by implying a threat from trial …
Posted: Mar 31, 2020
It’s safe to say that 2020 will be nothing like the year we were expecting. Our actuarial projections from last year, based on looking at historical data and adjusting it to fit future conditions, are woefully inadequate for the task of projecting what life will be like in an age of “social distanc...
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U.S. Cases by State
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