Special Coverage: COVID-19
Posted: Mar 20, 2020
The Wisconsin Office of the Commissioner of Insurance (OCI) is asking insurers operating the state to offer flexibility to insureds who are incurring economic hardship during the COVID-19 public health emergency. This flexibility can include offering non-cancellation periods, deferred premium …
Posted: Mar 20, 2020
SALT LAKE CITY — With much of normal life at a screeching halt to combat the coronavirus, millions of people in Utah are hunkered down in the safety of their homes. But on Wednesday morning, even that protection felt fragile …
Posted: Mar 20, 2020
Switzerland’s top insurance companies are in talks with the financial regulator about the impact of the coronavirus outbreak on their capital buffers and their business, according to people familiar with the matter. The watchdog contacted Swiss Re AG, Zurich Insurance …
Posted: Mar 20, 2020
The coronavirus is dealing a death blow to the longest U.S. economic expansion on record, triggering layoffs and putting intense strain on the nation’s financial system. In a cruel paradox, the very steps that are needed to contain the outbreak …
Posted: Mar 20, 2020
Insurers in the UK, France and Germany are likely to face only moderate business interruption (BI) claims as a result of the coronavirus outbreak because pandemic-related claims are excluded from most business interruption policies in all three countries, said Moody’s …
Posted: Mar 20, 2020
Switzerland’s top insurance companies are in talks with the financial regulator about the impact of the coronavirus outbreak on their capital buffers and their business, according to people familiar with the matter. The watchdog contacted Swiss Re AG, Zurich Insurance …
Posted: Mar 20, 2020
The deepening coronavirus crisis has shifted nearly all attention away from what had been one of California’s most pressing issues: the fate of embattled utility PG&E Corp. Now, the company is quietly edging closer to exiting the largest utility bankruptcy …
Posted: Mar 20, 2020
Coronavirus continued to dominate the news this week; eight of the Top 10 stories addressed the outbreak and its potential impact on a range of issues, including business interruption coverage, cybersecurity and workers compensation.
Posted: Mar 20, 2020
While legislators in Washington and states try to fashion financial relief for businesses interrupted by the public health actions related to coronavirus, outside pressure is mounting on private property/casualty commercial insurers to do more than explain why insurance coverage is …
Posted: Mar 20, 2020
CEO discusses a potential economic slowdown and the economic shock of the coronavirus
Posted: Mar 20, 2020
With much of normal life at a screeching halt to combat the coronavirus, millions of people in Utah are hunkered down in the safety of their homes. But on Wednesday morning, even that protection felt fragile as an earthquake strong …
Posted: Mar 20, 2020
Specialty insurance brokerage partners with investment group to offer financing option
Posted: Mar 20, 2020
The coronavirus has struck at the heart of the post-Brexit trade talks between Britain and the European Union, with both sides’ top negotiators now in isolation. David Frost, the UK’s chief negotiator, is isolating himself after showing symptoms of the …
Posted: Mar 20, 2020
As the coronavirus shuts down commerce and forces individuals and families into self-isolation, the degree of its ultimate impact on society and the economy remain unclear. According to one workers’ compensation industry executive, though, its influence on his sector is already being felt tangibly....
Posted: Mar 20, 2020
A bipartisan group of U.S. House members has asked insurers to retroactively recognize financial losses relating to COVID-19 under commercial business interruption coverage for policyholders. Eighteen House members made their case in a March 18 letter addressed to the leaders …
Posted: Mar 20, 2020
The New York State Department of Financial Services (DFS) has instructed insurers to submit details of business interruption policies that have been provided to insureds, as well as the coverage each policy offers regarding COVID-19. The instructions were issued on …
Posted: Mar 20, 2020
With the COVID-19 virus causing economic disruption, the Workers’ Compensation Research Institute would like to share the findings from a study it published in 2010 that sheds light on how a typical recession affects the return to work of injured …
Posted: Mar 20, 2020
COVID-19 threatens to overwhelm the U.S. health system in coming weeks, creating a need for remote services. Robots, drones, and other technologies are being deployed in the fight against COVID-19, introducing new opportunities, challenges, and risks. From “tele-health” solutions that faci...
Posted: Mar 20, 2020
How Silence May Impact Commercial Insurers on COVID Cover Silence may be deadly for property/casualty insurers writing commercial insurance, an executive of an InsurTech that specializes in analyzing insurance policy language suggested recently, explaining ...
Posted: Mar 20, 2020
Members of Congress Urge Insurers to Cover COVID Business Interruptions A bipartisan group of U.S. House members has asked insurers to retroactively recognize financial losses relating to COVID-19 under commercial business interruption coverage for policyholders. ...
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