Special Coverage: COVID-19
Posted: Mar 18, 2020
A.M. Best & Co. on Wednesday said it will stress-test the balance sheets of its rated insurers to gauge the impact of the coronavirus pandemic fallout on their risk-adjusted capital levels, investment portfolios, reserve adequacy among other aspects.
Posted: Mar 18, 2020
(Reuters) — Insurance companies should take measures to preserve their capital position and be prudent about dividend and bonus payments as the coronavirus outbreak disrupts households and businesses, the European insurance watchdog said.
Posted: Mar 18, 2020
Insurers believe most business interruption policies will not be triggered by the coronavirus, according to a report Wednesday from investment bank Piper Sandler & Co.
Posted: Mar 18, 2020
AIR Worldwide Projects at Least 200,000 COVID-19 Cases Through Rest of March AIR Worldwide, the Boston-based catastrophe risk modeling firm, projected the number of severe cases of COVID-19 could range between 200,000 and 900,000 globally, with deaths ranging from 10,000 to ...
Posted: Mar 18, 2020
EU Industry Watchdog Warns Insurers Should Take Measures to Preserve Capital Insurance companies should take measures to preserve their capital position and be prudent about dividend and bonus payments as the coronavirus outbreak disrupts households and businesses, the ...
Posted: Mar 18, 2020
At least one state is clearing the way for more telemedicine visits in workers compensation to limit contact between individuals in light of coronavirus quarantines and at least two providers of services for injured workers are increasing remote offerings.
Posted: Mar 18, 2020
The U.S. Food and Drug Administration on Wednesday recommended switching to virtual patient visits instead of in-person monitoring for clinical studies, as signs emerge that the rapid spread of the coronavirus outbreak is disrupting trials. U.S.-based Iveric bio Inc delayed …
Posted: Mar 18, 2020
Beginning on March 20, Rock Island, Ill.-based Illinois Casualty Co. (ICC), a wholly owned subsidiary of ICC Holdings Inc., will temporarily suspend all insurance premium billing for 30 days. The company said the action is in response to growing COVID-19 …
Posted: Mar 18, 2020
The Oklahoma Workers’ Compensation Commission (WCC) and the Court of Existing Claims (CEC) announced on Tuesday that the COVID-19 related office closures in Oklahoma City and Tulsa will continue for the remainder of the week, March 18 through March 20. …
Posted: Mar 18, 2020
The Texas Department of Insurance has issued an emergency rule aimed at helping doctors across the state to continue treating patients during the crisis created by COVID-19, the disease stemming from the new coronavirus. Gov. Greg Abbott waived certain regulations …
Posted: Mar 18, 2020
As national travel bans and local restrictions aimed at curtailing the spread of Covid-19 pile up, including an order for California residents to shelter in place, it’s time to ask whether bans on interstate travel would be lawful. In particular, …
Posted: Mar 18, 2020
Lawsuits have begun related to the global COVID-19 outbreak. This one alleges Chinese authorities 'proverbially put their head in the sand.'
Posted: Mar 18, 2020
Insurance companies should take measures to preserve their capital position and be prudent about dividend and bonus payments as the coronavirus outbreak disrupts households and businesses, the European insurance watchdog said. “Insurers are likely to face progressively difficult conditions in …
Posted: Mar 18, 2020
AIR Worldwide, the Boston-based catastrophe risk modeling firm, projected the number of severe cases of COVID-19 could range between 200,000 and 900,000 globally, with deaths ranging from 10,000 to 30,500, from now until April 1. During the same time period …
Posted: Mar 18, 2020
Risk Manager Zach Finn of Butler University has written an open memo I am the director of the Davey Risk Management & Insurance Program at Butler University. I have spent 20 years working in corporate risk management at large corporations like NCR, Hill-Rom, Hillenbrand Indust...
Posted: Mar 18, 2020
The International Olympic Committee remains committed to holding the Tokyo Olympics this year and is confident steps taken around the world will help contain the novel coronavirus, but the group is now talking in more cautious terms about the potential …
Posted: Mar 18, 2020
CIO Checklist: COVID-19 Highlights Need to Revisit Continuity Plans The importance of well-documented business continuity and disaster recovery plans has reached new urgency with insurers. Natural disasters and cybersecurity issues are on the rise, and new threats ...
Posted: Mar 18, 2020
Ratings firm AM Best said it is developing stress testing that it will conduct on its rated insurance companies’ balance sheets to gauge the impact of the COVID-19 virus fallout on their risk-adjusted capital levels, investment portfolios, reserve adequacy and …
Posted: Mar 18, 2020
Massachusetts Governor Charlie Baker has announced a $10 million small business recovery loan fund to help companies struggling because of efforts to slow the coronavirus pandemic. Baker said Monday the fund will provide emergency capital up to $75,000 to Massachusetts-based …
Posted: Mar 18, 2020
Pennsylvania Governor Tom Wolf extended a shutdown order Monday to the entire state of Pennsylvania in an effort to halt the spread of the coronavirus, although he also maintained that he will not send the National Guard or state police …
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