Special Coverage: COVID-19

Big ‘I’ Working with Government, Business Groups as Coronavirus Relief Plans Develop

Posted: Mar 22, 2020

The goal of the Big “I” is to ensure the fundamental premise of insurance is not undermined while providing relief for businesses that are hurting badly from government mandated shutdowns.

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How to Manage Risk in a Hardening Market

Posted: Mar 22, 2020

A financial market that’s in correction territory, coronavirus pandemic fears and an insurance industry hard market for the first time in years. Are these issues related or becoming more so? What’s an insured to think right now? The rapidly hardening …

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A Warning from Tomorrow

Posted: Mar 22, 2020

While most of the world is focused on preventing the spread of Covid-19, there’s another looming catastrophe almost certain to happen: cyberattacks. A new government report on cybersecurity, “A Warning from Tomorrow,” asserts the nation is seriously underprepared for cyberattacks …

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Coronavirus Impact on Workers’ Compensation Limited But Some Workers May Be Covered

Posted: Mar 22, 2020

The outbreak of coronavirus has already resulted in some workers’ compensation claims and more are expected. But whether those claims are going to succeed depends on the individual circumstances and the state where the infection occurred. While compensability issues will …

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Manufacturers: Mostly On Their Own to Face Coronavirus Insurance

Posted: Mar 22, 2020

Remote Work Not Much Help for Assembly Lines Property/casualty insurance professionals are trying to provide advice and empathy to their manufacturing clients coping with the effects of the spread of the coronavirus. But they are not able to offer much …

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In a year full of worry and division, how to protect your mental health

Posted: Mar 22, 2020

Just as you can do things to safeguard yourself from the coronavirus, you can also takes steps to avoid the mental fallout.

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Construction industry feeling impact from COVID-19 slowdown

Posted: Mar 22, 2020

Expect an increase in claims related to contractual scheduling along with mediations, arbitrations and litigation over construction delays.

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Ways to stress test your insurance business for coronavirus impact

Posted: Mar 22, 2020

Stress testing what you know about your business now can help when navigating a crisis.

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Pressure Builds on Insurers to Be Part of Coronavirus Business Solution

Posted: Mar 22, 2020

Pressure Builds on Insurers to Be Part of Coronavirus Business Solution While federal and state legislators to fashion financial relief for businesses interrupted by the public health actions related to coronavirus, pressure is mounting on private property/casualty ...

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Insurance faces a crossroads in post-Coronavirus world

Posted: Mar 22, 2020

Catastrophe response is the insurance industry's stated goal. But currently, the sector has few answers for consumers.

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Wedding cancellations open front in insurance's COVID-19 wars

Posted: Mar 22, 2020

Couples have begun battling with companies they paid in case of disaster, only to hear back that no policy can cover a global pandemic.

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

Posted: Mar 20, 2020

Fitch Revises Global Re ‘Sector’ Outlook to Negative; Rating Outlook Stable On Friday, 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 ...

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Restaurant Suit Tests Business Interruption Insurance for Coronavirus Shutdowns

Posted: Mar 20, 2020

Restaurant Suit Tests Business Interruption Insurance for Coronavirus Shutdowns A restaurant in the heart of the New Orleans tourism district filed a lawsuit on Monday asking a state judge for a declaratory judgment that its business interruption policy will cover its damages if ...

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Captive association files claim for event cancellation

Posted: Mar 20, 2020

The Captive Insurance Companies Association on Friday said it is in the process of filing a claim to determine if the cancellation of its 2020 international conference due to COVID-19 is covered under its event cancellation coverage.

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Legal Roundup: New Orleans Restaurant Sues Lloyds, Katy Perry Wins Copyright Suit

Posted: Mar 20, 2020

French Quarter Restaurant Sues Lloyds Over COVID-19 Business Interruption  The case: The Oceana Grill in New Orleans’ historic French Quarter has sued Lloyd’s of London, claiming that the restaurant’s forced closure by government officials warrants business interruption coverage. The restaurant file...

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Legal Roundup: New Orleans Restaurant Sues Lloyds, Katy Perry Sued for Copyright

Posted: Mar 20, 2020

French Quarter Restaurant Sues Lloyds Over COVID-19 Business Interruption  The Case: The Oceana Grill in New Orleans’ historic French Quarter has sued Lloyd’s of London, claiming that the restaurant’s forced closure by government officials warrants business interruption coverage. The restaurant fil...

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Health care associations fear lack of protection from virus

Posted: Mar 20, 2020

A nationwide shortage of N95 masks and newly relaxed standards for personal protective equipment have workers on the front lines treating coronavirus patients and medical associations both praising efforts to ramp up production and protesting federal guidance over fears that it places them at greate...

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Rating agency revises outlook for reinsurers on virus impact

Posted: Mar 20, 2020

Fitch Ratings Inc. on Friday changed its outlook for the reinsurance sector to negative from stable due to increased concerns over financial markets volatility amid the spread of COVID-19.

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Swiss Re has $250M cancellation exposure for Tokyo Olympics

Posted: Mar 20, 2020

Swiss Re Ltd. has an event cancellation exposure of $250 million to the Tokyo Summer Olympic Games and faces other potential liabilities in the wake of the coronavirus outbreak.

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Bayer mediator says glyphosate talks slowed by coronavirus

Posted: Mar 20, 2020

(Reuters) — Negotiations between Bayer AG and plaintiff lawyers to settle claims its glyphosate-based weedkillers cause cancer have been slowed by the coronavirus outbreak, according to the mediator in the talks.

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