Special Coverage: COVID-19

Restaurant Suit Tests Business Interruption Insurance for Coronavirus Shutdowns

Posted: Mar 19, 2020

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 it is ordered to close by civil …

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Future InsurTech Venture Financings Could Face a Coronavirus Slowdown

Posted: Mar 19, 2020

Future InsurTech Venture Financings Could Face a Coronavirus Slowdown InsurTech venture capital financings in the pipeline appear to be going forward, but the likelihood of future deals could be an open question in light of the coronavirus pandemic, according to an ...

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European insurers to face difficult conditions amid outbreak

Posted: Mar 19, 2020

The European Insurance and Occupational Pensions Authority said that insurers are likely to face difficulty in navigating challenging market conditions and maintaining operations as the continent becomes the new epicenter of the coronavirus outbreak.

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UK's automotive industry may never recover

Posted: Mar 19, 2020

Experts said that the U.K.'s automotive industry may never recover from the coronavirus crisis as carmakers continue to halt operations across Europe.

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AIR Worldwide releases coronavirus estimates

Posted: Mar 19, 2020

There have been more than 82,000 cases reported worldwide

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Lloyd’s Closes London Underwriting Room in Response to Coronavirus Crisis

Posted: Mar 19, 2020

After conducting a successful stress-test last week of its electronic trading system, Lloyd’s has made the decision to close its underwriting room in response to the coronavirus outbreak. “Last Friday Lloyd’s closed the Underwriting Room to test that the market …

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What the coronavirus can teach us about fighting insurance fraud

Posted: Mar 19, 2020

It is vital that insurers share more information, avoid fraud-spreading practices and never surrender to scammers.

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First coronavirus coverage suit filed for business interruption

Posted: Mar 19, 2020

A La. lawsuit will play an important role in determining the potential availability of business interruption coverage for coronavirus-caused losses.

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Consumer Groups Want Premium Offsets as Virus Shutdowns Reduce Miles Driven

Posted: Mar 19, 2020

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 insurance carriers don’t enjoy any windfall. …

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Analysis: Recession, Fear of Job Loss, and Return to Work

Posted: Mar 19, 2020

With the COVID-19 virus causing economic disruption, The Workers’ Compensation Research Institute would like to share the findings from a study we published in 2010 that sheds light on how a typical recession affects the return to work of injured …

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How COVID-19 is, or is not, impacting the life insurance business and the ability to obtain coverage

Posted: Mar 18, 2020

As part of the panic that has consumed the world surrounding the COVID-19 pandemic, many consumers are asking whether insurance companies are doing anything different, or perhaps, postponing the ability of consumers to obtain life insurance, for general pandemic related reasons. When a worldwide eve...

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Congress Acts on Legislation to Address Coronavirus Crisis

Posted: Mar 18, 2020

The U.S. Senate passed the Families First Coronavirus Response Act by an overwhelming bipartisan vote and the President quickly signed the legislation into law. The legislation includes many provisions that impact Big "I" members and small businesses.

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Big ‘I’ Weighs In with Administration and Congress on Coronavirus Response

Posted: Mar 18, 2020

The Big “I” issued two letters this week and continues to engage both the administration and Congress on solutions to address the economic, health, and social challenges caused by coronavirus.

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Truelytics Offers New Emergency Continuity Solution Free of Charge

Posted: Mar 18, 2020

The vendor is offering the TrueContinuity solution to customers to help alleviate client anxiety due to the COVID-19 Outbreak.

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In response to COVID-19, Sedgwick expands crisis services

Posted: Mar 18, 2020

From 27/7 nurse triage services to writing cleaning protocols, Sedgwick has announced new offerings in response to the coronavirus outbreak.

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COVID-19 cases could skyrocket to 600K–2M by April 1, AIR projects

Posted: Mar 18, 2020

The coronavirus pandemic will only worsen, experts warn. New modeled projections from AIR estimate just by how much.

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N.Y. governor, lawmakers agree on expanded sick leave, disability

Posted: Mar 18, 2020

New York lawmakers and Gov. Andrew Cuomo agreed on Wednesday to legislation that will expand paid sick leave and disability payments for workers who have contracted or been exposed to COVID-19 in the workplace.

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States guide on applying for COVID-19 comp, disability

Posted: Mar 18, 2020

Several states have issued statements and created websites to help workers understand whether they may be eligible for workers compensation and disability payments if they are exposed to or contract COVID-19 in the workplace.

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Statistics

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