Special Coverage: COVID-19

California’s State Fund Announces Credit Extensions, Moratorium on Cancellations

Posted: Mar 23, 2020

California’s State Compensation Insurance Fund announced several steps to support policyholders during the COVID-19 crisis, including a moratorium on policy cancellations and late payment penalties. State Fund also said it will extend credit to any business negatively impacted by COVID-19 …

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French Insurers to Contribute $216M to Solidarity Fund for Businesses

Posted: Mar 23, 2020

French insurance lobby FFA said on Monday insurers would contribute up to 200 million euros ($216 million) to funds set up by the government to help companies deal with a significant drop in activity due to the coronavirus crisis. French …

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Cannabis Home Delivery Surges in California Amid Outbreak

Posted: Mar 23, 2020

One company rushed to expand its delivery fleet. Another has seen sales triple. The global coronavirus pandemic has left millions of people locked out of bars, restaurants and theaters, but it’s been an unexpected boost for some U.S. pot shops. …

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Crawford & Company expands decontamination service

Posted: Mar 23, 2020

Expanded service to clean and restore sites exposed to the coronavirus

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Treasury Secretary Mnuchin Says Coronavirus Lockdown to Last Until June

Posted: Mar 23, 2020

The lockdown affecting large segments of the American public to try to curb the spread of the coronavirus is likely to last 10 to 12 weeks, or until early June, U.S. Treasury Secretary Steven Mnuchin said on Sunday. Americans are …

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FEMA Challenges: Coronavirus + Climate Stretch Federal Agency Resources

Posted: Mar 23, 2020

FEMA Challenges: Coronavirus + Climate Stretch Federal Agency Resources It wasn't until Wednesday, five days after President Donald Trump declared a national emergency, that the Federal Emergency Management Agency announced it was "leading the federal coordination" to ...

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Pennsylvania Governor Wolf Retrenches Sweeping Order Amid Complaints, Lawsuits

Posted: Mar 23, 2020

Under fire from business groups and Republican lawmakers and facing lawsuits over a broad shutdown order designed to slow the spreading of the coronavirus, Pennsylvania Governor Tom Wolf’s administration defended its actions as critical to preventing hospitals from being overwhelmed, …

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Triple-I CEO: Insurers can meet their obligations during crisis

Posted: Mar 23, 2020

America’s auto, home, and commercial insurers have the financial resources to meet their obligations during the COVID-19 crisis, according to a presentation the Insurance Information Institute (Triple-I) delivered to state regulators. “This year marks Triple-I’s 60th anniversary, and we are p...

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Swiss insurers in talks with regulator over coronavirus impact

Posted: Mar 23, 2020

Swiss insurers are in talks with the Swiss Financial Market Supervisory Authority about the coronavirus outbreak's impact on their business and capital buffers.

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Italy closes non-essential businesses to stem coronavirus spread

Posted: Mar 23, 2020

Italy has closed all non-essential businesses as it seeks to stem the spread of coronavirus.

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Bentley to stop production amid outbreak

Posted: Mar 23, 2020

Starting March 27, U.K.-based Bentley Motors Ltd. plans to halt production at its car factory in Crewe for four weeks in the wake of the coronavirus outbreak.

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Fitch Revises Global Re Sector Outlook to Negative; Rating Outlook Stable

Posted: Mar 23, 2020

Fitch Ratings announced a dimmer “sector outlook” for global reinsurers—changing it to negative from stable, pointing to increased concerns over COVID-19. Rating agencies like Fitch offer two types of outlooks for segments of the insurance and reinsurance markets—sector outlooks and …

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Wedding Insurance Excludes Pandemics, and Couples Find They Have No Cover

Posted: Mar 23, 2020

Weddings are happy events, now hard to find in the age of the coronavirus. They’re being canceled, which means lost work for florists, dressmakers, organists and bands, but not for Eden Denevan, an enterprising wedding invitation designer now offering this …

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Will COVID-19 Be Digital Tipping Point? by Mark Breading

Posted: Mar 23, 2020

Countless articles about the implications of COVID-19 on the insurance industry are circulating in the digital universe. Many aspects of the industry will be affected, but the ultimate impact depends on the length and magnitude of the virus crisis, something that is difficult to predict. However, o...

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Impact of COVID-19 on Workers’ Comp by Mark Walls

Posted: Mar 23, 2020

There is much discussion right now on the impact that COVID-19 (Coronavirus) will have on workers’ compensation. Most of this discussion has focused on the potential for claims activity arising from the virus. The determination of whether a communicable disease is “work-related” is a case-by-case e...

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Resource-Shy FEMA Tackles COVID-19 Response While Also Facing Past Disasters, Spring Flood Season

Posted: Mar 23, 2020

It wasn’t until Wednesday, five days after President Donald Trump declared a national emergency, that the Federal Emergency Management Agency announced it was “leading the federal coordination” to the Covid-19 pandemic in the U.S. While the disaster-response agency is better …

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FEMA Tackles COVID-19 While Also Facing Past Disasters, Spring Flood Season

Posted: Mar 23, 2020

It wasn’t until Wednesday, five days after President Donald Trump declared a national emergency, that the Federal Emergency Management Agency announced it was “leading the federal coordination” to the Covid-19 pandemic in the U.S. While the disaster-response agency is better …

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California Legislative Recess Leaves Wildfire Plan in Limbo

Posted: Mar 22, 2020

Californians statewide are huddled at home under a “shelter-in-place” order handed down March 20 by Gov. Gavin Newsom to stem the spread of the COVID-19 virus. Unfortunately, nature does not take a break for pandemics. California also remains under wildfire …

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Lancer Insurance announces temporary vehicle suspension program to help policyholders

Posted: Mar 22, 2020

Lancer Insurance announces a temporary vehicle suspension program for its Passenger Transportation policyholders to help them survive the Coronavirus crisis.

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Bruce Simpson named President and CEO of DataCubes

Posted: Mar 22, 2020

Lancer Insurance announces a temporary vehicle suspension program for its Passenger Transportation policyholders to help them survive the Coronavirus crisis.

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