Special Coverage: COVID-19

Risk management service launches coronavirus tracker

Posted: Mar 19, 2020

Riskonnect Inc., which provides integrated risk management services, has released a coronavirus tracker to help its customers address risk impacts caused by COVID-19, the Kennesaw, Georgia-based firm said Thursday.

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Risk management tech firm launches coronavirus tracker

Posted: Mar 19, 2020

Riskonnect Inc. has released a coronavirus tracker to help its customers address risk impacts caused by COVID-19, the Kennesaw, Georgia-based technology firm said Thursday.

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U.S. Life Insurers Relying on Waiting Periods to Curb Their Coronavirus Risks

Posted: Mar 19, 2020

U.S. Life Insurers Relying on Waiting Periods to Curb Their Coronavirus Risks U.S. life insurers are trying to curb their own risks to coronavirus by imposing waiting periods for applicants who have traveled to regions with widespread outbreaks, industry experts said. Life ...

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Consumer Groups Call for Auto Insurance Premium Offsets as Coronavirus Slashes Driving

Posted: Mar 19, 2020

Consumer Groups Call for Auto Insurance Premium Offsets as Coronavirus Slashes Driving The shutdown of workplaces and gathering spots around the country to slow the spread of coronavirus may lead to a sharp reduction in auto insurance claims. Two consumer groups want to make sure that ...

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N.J. Bill Would Make Insurers Cover COVID-19 Business Interruption Claims

Posted: Mar 19, 2020

N.J. Bill Would Make Insurers Cover COVID-19 Business Interruption Claims A proposed New Jersey bill, which aims to create business interruption insurance coverage for COVID-19 related claims despite virus exclusions in many policies, has drawn concern about the ...

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Restaurants’ Coronavirus Relief Request Includes Government-Backed Insurance Program

Posted: Mar 19, 2020

The nation’s restaurants stand to lose at least $275 billion and shed as many as 7 million jobs over the next three months due to the coronavirus, the industry told lawmakers yesterday in appealing for help. The National Restaurant Association …

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Restaurants’ Coronavirus Relief Request Includes Government-Backed Insurance

Posted: Mar 19, 2020

The nation’s restaurants stand to lose at least $275 billion and shed as many as 7 million jobs over the next three months due to the coronavirus, the industry told lawmakers yesterday in appealing for help. The National Restaurant Association …

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Employers Beware: Working from Home Creates New Cyber Risks

Posted: Mar 19, 2020

As companies and government agencies send their employees home to avoid contact with the coronavirus, many cyber-security teams are facing the unenviable challenge of securing sprawling, vulnerable networks. Every time an employee connects to their corporate network from home, they’re …

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Deadline for Break Out Awards nominations extended

Posted: Mar 19, 2020

Due to disruptions at numerous companies caused by the coronavirus outbreak, Business Insurance has extended the nomination deadline for its 2020 Break Out Awards to March 31.

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Wisconsin Easing Restrictions on Online Insurance Education, Proctoring

Posted: Mar 19, 2020

In response to the health emergency brought by the spread of COVID-19, Wisconsin’s Office of the Commissioner of Insurance (OCI) is making temporary changes to requirements for delivering online courses and online course proctoring. OCI now will allow providers to …

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Home, Business Evictions Banned in Kansas until May 1

Posted: Mar 19, 2020

Kansas Gov. Laura Kelly has ordered financial institutions to temporarily suspend business and residential evictions to help those financially affected by the spread of the coronavirus. The executive order signed by Kelly says it will allow Kansans to “retain their …

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Work from home during virus crisis creates opening for hackers

Posted: Mar 19, 2020

(Reuters) — As people disperse to their homes to work and study because of the coronavirus pandemic, taking their laptops and company data with them, cybersecurity experts say hackers will follow, seeking to take advantage and infiltrate corporations.

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Working From Home a Cybersecurity Headache for Employers

Posted: Mar 19, 2020

As companies and government agencies send their employees home to avoid contact with the coronavirus, many cybersecurity teams are facing the unenviable challenge of securing sprawling, vulnerable networks. Every time an employee connects to their corporate network from home, they’re …

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Don’t Be Tricky With Virus Claims, Watchdog Warns U.K. Insurers

Posted: Mar 19, 2020

The U.K. regulator has a message for insurers facing a likely deluge of coronavirus-related claims: play fair. Customers have found themselves in unprecedented difficulties as businesses the world over shut down or change how they operate, and insurers must also …

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UK Regulator Warns Insurers to Have ‘Robust’ Coronavirus Contingency Plans

Posted: Mar 19, 2020

The UK Financial Conduct Authority (FCA) reminded insurers on Thursday to have operational resilience and business continuity plans in place to respond to possible disruptions caused by the coronavirus pandemic. The FCA expects firms to have “sufficiently robust systems and …

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AM Best Pandemic Stress Test Announced

Posted: Mar 19, 2020

AM Best Pandemic Stress Test Announced Although AM Best believes property/casualty insurers won't be as severely impacted by the COVID-19 pandemic as life and annuity players, the rating agency said yesterday that it will be ...

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California Calling for 60-Day Premium Grace Period Amid COVID-19 Outbreak

Posted: Mar 19, 2020

California Insurance Commissioner Ricardo Lara is asking insurers for a grace period on paying premiums. Lara today issued a notice requesting that all insurance companies provide their policyholders with at least a 60-day grace period to pay insurance premiums to …

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US life insurers impose waiting period to limit coronavirus exposure

Posted: Mar 19, 2020

One expert says he expects insurers will stop taking applications altogether

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Proposed N.J. Bill Would Require Insurers to Pay COVID-19 Business Interruption Claims

Posted: Mar 19, 2020

A proposed New Jersey bill, which aims to create business interruption insurance coverage for COVID-19 related claims despite virus exclusions in many policies, has drawn concern about the constitutionality of legislation like this. “The New Jersey legislation would alter multiple …

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California calls for relaxed premium payment deadlines

Posted: Mar 19, 2020

Insurers should give California policyholders at least a 60-day grace period to pay insurance premiums amid disruption from the COVID-19 pandemic, Insurance Commissioner Ricardo Lara said Wednesday.

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