Special Coverage: COVID-19

West Virginia Nursing Home Now ‘Ground Zero’ for Virus

Posted: Mar 27, 2020

A West Virginia nursing home with at least 20 coronavirus cases has become “ground zero” for the state’s growing virus caseload, officials said Wednesday. Carl Shrader, medical director for the Sundale nursing home in Morgantown, said 16 residents and four …

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Expect coronavirus-related insurance frauds to rise

Posted: Mar 27, 2020

Previous economic downturns have resulted in a marked increase in scams, and insurers should beware.

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Another Restaurant Files Suit to Force Coverage for Virus Shutdown

Posted: Mar 27, 2020

Two California restaurants has filed a lawsuit against a unit of The Hartford, seeking a declaration that the owner’s commercial insurance policy covers losses caused by a statewide business shutdown ordered to prevent the spread of coronavirus. The lawsuit filed …

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Home Health Providers at ‘Breaking Point’ as Coronavirus Ups Demand, Saps Supplies

Posted: Mar 26, 2020

Home healthcare providers, the lifelines to 12 million vulnerable Americans, are scrambling to decide how to serve patients who show symptoms of coronavirus — and how to ensure that the providers themselves neither catch nor spread it. A Texas-based company …

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How COVID-19 May Impact the Insurance Industry

Posted: Mar 26, 2020

Overall insurance companies with diversified business, sound investment patterns and good reinsurance coverage will survive and grow after some short-term pain.

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NICB Launches COVID-19 Fraud Resource Center

Posted: Mar 26, 2020

The organization will use the site to host the latest information concerning emerging fraud scams involving COVID-19 and keep its membership and others informed.

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COVID-19: Three Scenarios for Insurers—Celent Report

Posted: Mar 26, 2020

Celent explores three possible scenarios as an opportunity to explore the effects of the Coronavirus crisis on the insurance industry and encourage agile planning in response to a changing environment.

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How insurers can use big data to manage the COVID-19 pandemic

Posted: Mar 26, 2020

Caught between higher demand and tightening supply, insurers look to technology to compute adequate rates and come up with new types of coverage.

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What is physical damage, and does COVID-19 cause any?

Posted: Mar 26, 2020

When policies don’t define a term, courts generally refer to a standard dictionary.

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How insurance agents are helping clients through the pandemic

Posted: Mar 26, 2020

Here's how some brokers are handling business during the coronavirus, including a video with PIA's CEO and member agents.

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Famed restaurant sues Hartford for coverage after forced closure

Posted: Mar 26, 2020

Renowned Napa Valley restaurant The French Laundry on Wednesday became the latest business to seek a ruling that its business interruption policy covers coronavirus-related losses.

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Gym sued for continuing to charge members during closure

Posted: Mar 26, 2020

A putative class action lawsuit was filed Thursday against a New York gym operator because it is allegedly continuing to charge its members monthly fees, even though its gyms are closed because of the coronavirus shutdown.

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Ohio bill would force insurers to cover COVID-19 interruption losses

Posted: Mar 26, 2020

Ohio lawmakers have joined New Jersey in introducing a bill that would force insurers to retroactively cover business interruption losses arising from COVID-19.

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The coronavirus fight insurers thought they’d dodged is looming anyway

Posted: Mar 26, 2020

Growing scrutiny of civil authority clauses and what constitutes property damage means the industry is likely to face more pushback.

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Will Recognition of Cannabis as ‘Essential Business’ Change the Insurance Landscape for the Industry?

Posted: Mar 26, 2020

It’s not just toilet paper and hand sanitizer people have been stocking up on during the COVID-19 crisis. Inventory levels at adult use cannabis stores in the U.S. showed a quick decline after the COVID-19 crisis began, as what was …

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Cannabis Deemed an ‘Essential’ Business. Will Insurance Landscape Change?

Posted: Mar 26, 2020

It’s not just toilet paper and hand sanitizer people have been stocking up on during the COVID-19 crisis. Inventory levels at adult use cannabis stores in the U.S. showed a quick decline after the COVID-19 crisis began, as what was …

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Principal goes all-insurtech for exams during coronavirus era

Posted: Mar 26, 2020

Tech from Human API was rolled it out faster and more broadly because of the virus following a pilot project last year.

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Coronavirus likely to affect securities litigation: Cornerstone

Posted: Mar 26, 2020

The recent filing of coronavirus-related securities class actions suggests the pandemic will affect future securities litigation, says an official of Cornerstone Research Inc., which released its latest accounting securities class action report Wednesday.

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COVID-19 pandemic greatly affecting film, TV industries

Posted: Mar 26, 2020

Hollywood icon Tom Hanks and his wife Rita Wilson recently tweeted that they had been diagnosed with coronavirus while in pre-production on an Elvis Presley movie directed by Baz Luhrmann in Queensland, Australia.

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P/C Insurers Writing Event Cancellation Business Could Face Major Losses: A.M. Best

Posted: Mar 26, 2020

P/C Insurers Writing Event Cancellation Business Could Face Major Losses: A.M. Best 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 ...

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