Special Coverage: COVID-19
Posted: Mar 18, 2020
CIO Checklist: COVID-19 Highlights Need to Revisit Continuity Plans The importance of well-documented business continuity and disaster recovery plans has reached new urgency with insurers. Natural disasters and cybersecurity issues are on the rise, and new threats ...
Posted: Mar 18, 2020
Ratings firm AM Best said it is developing stress testing that it will conduct on its rated insurance companies’ balance sheets to gauge the impact of the COVID-19 virus fallout on their risk-adjusted capital levels, investment portfolios, reserve adequacy and …
Posted: Mar 18, 2020
Massachusetts Governor Charlie Baker has announced a $10 million small business recovery loan fund to help companies struggling because of efforts to slow the coronavirus pandemic. Baker said Monday the fund will provide emergency capital up to $75,000 to Massachusetts-based …
Posted: Mar 18, 2020
Pennsylvania Governor Tom Wolf extended a shutdown order Monday to the entire state of Pennsylvania in an effort to halt the spread of the coronavirus, although he also maintained that he will not send the National Guard or state police …
Posted: Mar 18, 2020
Hong Kong-based Cathay Pacific Airways Ltd. lost more than $2 billion Hong Kong ($258 million) in February due to the coronavirus outbreak.
Posted: Mar 18, 2020
Japan-based Nissan Motor Co. Ltd. has suspended production at its Sunderland plant in the United Kingdom in the wake of the coronavirus outbreak.
Posted: Mar 18, 2020
Getsafe CEO Sees Coronavirus as Opportunity for InsurTechs to Prove Their Worth Getsafe CEO and founder Christian Wiens recently responded to coronavirus pandemic by touting the benefits his and other InsurTechs can offer the insurance industry now and in the months ahead. "The ...
Posted: Mar 18, 2020
Lloyd’s of London has asked its member firms to provide estimates of their potential current and final losses from coronavirus, a spokesman said on Tuesday, to help the insurance market understand its possible overall losses from the impact of the …
Posted: Mar 18, 2020
The Florida Office of Insurance Regulation (OIR) is directing all insurers to review and update their business continuity and/or continuity of operations plans in light of the current outbreak of coronavirus strain COVID-19. In a memorandum issued by OIR March …
Posted: Mar 18, 2020
States are taking the threat of COVID-19 seriously, and some are acting swiftly and decisively to stop the virus in its tracks.
Posted: Mar 18, 2020
Pennsylvania-based Inovio Pharmaceuticals is the target of a planned class action lawsuit alleging it falsely claimed it has developed a vaccine for COVID-19 that would go into testing as soon as next month. But the pharmaceutical firm has said the …
Posted: Mar 17, 2020
The coverage perhaps most important for energy and manufacturing companies right now: contingent business interruption.
Posted: Mar 17, 2020
Fitch Changes Allstate’s Rating Outlook Due to Life Insurance/Coronavirus Concerns Allstate has been hit with a downgraded rating outlook from Fitch Ratings, driven by the global coronavirus pandemic and the uncertainty it creates in the life insurance business. Fitch said it ...
Posted: Mar 17, 2020
Lloyd’s Asks Members for Estimates of Coronavirus-Related Losses Lloyd's of London has asked its member firms to provide estimates of their potential current and final losses from coronavirus, a spokesman said on Tuesday, to help the insurance market understand ...
Posted: Mar 17, 2020
The current pandemic shows us the importance of being prepared for disruptive situations. Here are some actions and laws to consider while facing an emergency such as the coronavirus.
Posted: Mar 17, 2020
The offering assists caregivers, clinicians, and insurers in overcoming challenges related to delivering quality home care while battling the risk of transmission of COVID-19.
Posted: Mar 17, 2020
Case numbers are growing in the United States as testing is expanding, with 3,536 confirmed cases and 58 deaths from the disease.
Posted: Mar 17, 2020
Coverage Q&A: Many businesses are going above and beyond to clean and sanitize their premises to protect against the coronavirus.
Posted: Mar 17, 2020
To gauge COVID-19's impact on the industry, AM Best announced that it is developing stress testing to conduct on insurers' balance sheets.
Posted: Mar 17, 2020
The coronavirus pandemic could lead to increased medical malpractice claims, but much remains uncertain at this point, including the possibility of federal and state governments acting to relieve health care provider liability, say observers.
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