Special Coverage: COVID-19

Analysis: Recession, Fear of Job Loss, and Return to Work

Posted: Mar 19, 2020

With the COVID-19 virus causing economic disruption, The Workers’ Compensation Research Institute would like to share the findings from a study we published in 2010 that sheds light on how a typical recession affects the return to work of injured …

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How COVID-19 is, or is not, impacting the life insurance business and the ability to obtain coverage

Posted: Mar 18, 2020

As part of the panic that has consumed the world surrounding the COVID-19 pandemic, many consumers are asking whether insurance companies are doing anything different, or perhaps, postponing the ability of consumers to obtain life insurance, for general pandemic related reasons. When a worldwide eve...

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Congress Acts on Legislation to Address Coronavirus Crisis

Posted: Mar 18, 2020

The U.S. Senate passed the Families First Coronavirus Response Act by an overwhelming bipartisan vote and the President quickly signed the legislation into law. The legislation includes many provisions that impact Big "I" members and small businesses.

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Big ‘I’ Weighs In with Administration and Congress on Coronavirus Response

Posted: Mar 18, 2020

The Big “I” issued two letters this week and continues to engage both the administration and Congress on solutions to address the economic, health, and social challenges caused by coronavirus.

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Truelytics Offers New Emergency Continuity Solution Free of Charge

Posted: Mar 18, 2020

The vendor is offering the TrueContinuity solution to customers to help alleviate client anxiety due to the COVID-19 Outbreak.

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In response to COVID-19, Sedgwick expands crisis services

Posted: Mar 18, 2020

From 27/7 nurse triage services to writing cleaning protocols, Sedgwick has announced new offerings in response to the coronavirus outbreak.

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COVID-19 cases could skyrocket to 600K–2M by April 1, AIR projects

Posted: Mar 18, 2020

The coronavirus pandemic will only worsen, experts warn. New modeled projections from AIR estimate just by how much.

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N.Y. governor, lawmakers agree on expanded sick leave, disability

Posted: Mar 18, 2020

New York lawmakers and Gov. Andrew Cuomo agreed on Wednesday to legislation that will expand paid sick leave and disability payments for workers who have contracted or been exposed to COVID-19 in the workplace.

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States guide on applying for COVID-19 comp, disability

Posted: Mar 18, 2020

Several states have issued statements and created websites to help workers understand whether they may be eligible for workers compensation and disability payments if they are exposed to or contract COVID-19 in the workplace.

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In age of virus, A.M. Best to stress-test insurer balance sheets

Posted: Mar 18, 2020

A.M. Best & Co. on Wednesday said it will stress-test the balance sheets of its rated insurers to gauge the impact of the coronavirus pandemic fallout on their risk-adjusted capital levels, investment portfolios, reserve adequacy among other aspects.

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Insurance companies should preserve capital: Watchdog

Posted: Mar 18, 2020

(Reuters) — Insurance companies should take measures to preserve their capital position and be prudent about dividend and bonus payments as the coronavirus outbreak disrupts households and businesses, the European insurance watchdog said.

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Coronavirus unlikely to trigger interruption policies: Report

Posted: Mar 18, 2020

Insurers believe most business interruption policies will not be triggered by the coronavirus, according to a report Wednesday from investment bank Piper Sandler & Co.

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AIR Worldwide Projects at Least 200,000 COVID-19 Cases Through Rest of March

Posted: Mar 18, 2020

AIR Worldwide Projects at Least 200,000 COVID-19 Cases Through Rest of March AIR Worldwide, the Boston-based catastrophe risk modeling firm, projected the number of severe cases of COVID-19 could range between 200,000 and 900,000 globally, with deaths ranging from 10,000 to ...

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EU Industry Watchdog Warns Insurers Should Take Measures to Preserve Capital

Posted: Mar 18, 2020

EU Industry Watchdog Warns Insurers Should Take Measures to Preserve Capital Insurance companies should take measures to preserve their capital position and be prudent about dividend and bonus payments as the coronavirus outbreak disrupts households and businesses, the ...

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Telemedicine offerings to rise with coronavirus quarantine

Posted: Mar 18, 2020

At least one state is clearing the way for more telemedicine visits in workers compensation to limit contact between individuals in light of coronavirus quarantines and at least two providers of services for injured workers are increasing remote offerings.

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FDA Urges Virtual Patient Visits as Coronavirus Disrupts Clinical Trials

Posted: Mar 18, 2020

The U.S. Food and Drug Administration on Wednesday recommended switching to virtual patient visits instead of in-person monitoring for clinical studies, as signs emerge that the rapid spread of the coronavirus outbreak is disrupting trials. U.S.-based Iveric bio Inc delayed …

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Illinois Casualty to Suspend Billing to Restaurants, Taverns in COVID-19 Response

Posted: Mar 18, 2020

Beginning on March 20, Rock Island, Ill.-based Illinois Casualty Co. (ICC), a wholly owned subsidiary of ICC Holdings Inc., will temporarily suspend all insurance premium billing for 30 days. The company said the action is in response to growing COVID-19 …

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Oklahoma Workers’ Comp Commission Extends COVID-19 Related Closures

Posted: Mar 18, 2020

The Oklahoma Workers’ Compensation Commission (WCC) and the Court of Existing Claims (CEC) announced on Tuesday that the COVID-19 related office closures in Oklahoma City and Tulsa will continue for the remainder of the week, March 18 through March 20. …

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Some Telemedicine Regulations Waived in Texas in Effort to Expand Access

Posted: Mar 18, 2020

The Texas Department of Insurance has issued an emergency rule aimed at helping doctors across the state to continue treating patients during the crisis created by COVID-19, the disease stemming from the new coronavirus. Gov. Greg Abbott waived certain regulations …

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