Special Coverage: COVID-19
Posted: Mar 13, 2020
Gov. Ron DeSantis placed limits Wednesday on who can can visit Florida’s nursing homes and other assisted living facilities, bidding to protect the state’s sizeable and vulnerable elderly population from the new coronavirus. The governor took the step by executive …
Posted: Mar 13, 2020
Carefully worded policy exclusions will help limit P&C insurers' risks — but not entirely.
Posted: Mar 13, 2020
As U.S. employers ask employees to work from home to avoid exposure to coronavirus, they may be exposing themselves to another kind of risk: Cyberattacks. Aon recently issued an advisory cautioning employers to take steps to ensure that work-from-home employees …
Posted: Mar 13, 2020
While most businesses brace for an economic collapse caused by coronavirus, the outbreak has prompted creation of a new service offering by the nation’s largest claims administrator. Sedgwick, based in Memphis, Tenn., announced Thursday that it has expanded the scope …
Posted: Mar 12, 2020
Cyber Attack Risks Rise With Coronavirus Pandemic As U.S. employers ask employees to work from home to avoid exposure to coronavirus, they may be exposing themselves to another kind of risk: cyber attacks. Aon on Friday issued an advisory cautioning ...
Posted: Mar 12, 2020
Cyberattack Risks Rise With Coronavirus Pandemic As U.S. employers ask employees to work from home to avoid exposure to coronavirus, they may be exposing themselves to another kind of risk: Cyberattacks. Aon on Friday issued an advisory cautioning ...
Posted: Mar 12, 2020
Without a direct physical loss, would the shutdown of a restaurant or business due to coronavirus concerns trigger contingent business interruption coverage?
Posted: Mar 12, 2020
With researchers discovering new information about COVID-19 and governments and companies around the world reacting to it, insurers’ DR/BC plans need to change constantly along with these updates.
Posted: Mar 12, 2020
While insurers are still writing cancellation policies, nearly every one that is currently offered is sure to have specific exclusions for COVID-19.
Posted: Mar 12, 2020
First identified in Wuhan, Hubei Province, China in December 2019, the virus, officially known as “SARS-CoV-2,” has created a ripple effect throughout the global economy. Most commonly referred to as “coronavirus disease 2019,” or COVID-19 according to The Centers for Disease Control and Prevention...
Posted: Mar 12, 2020
The Lloyd’s Market Association on Thursday issued policy language that would temporarily extend coverage for existing policyholders if the market is forced to close due to the coronavirus pandemic.
Posted: Mar 12, 2020
Cannabis has been touted as a therapy for just about everything from anxiety to cancer, but even the well-affirmed feel-good effects of the now broadly legalized drug aren’t immune to the caustic impact of an unfolding international pandemic. Joining the …
Posted: Mar 12, 2020
State and federal lawmakers hoping to stay ahead of COVID-19 are introducing legislation to address infectious disease measures, emergency funding and unemployment and sick leave pay.
Posted: Mar 12, 2020
Coronavirus Crisis Hits Insurers With Double Whammy Having initially brushed off the potential impact from coronavirus-linked claims, global insurers are waking up to the prospect of a double whammy - a sharp rise in payouts at a time of big ...
Posted: Mar 12, 2020
Global economies could fall into recession as a result of fallout from the spread of the new coronavirus, Swiss Reinsurance Co. Ltd said in a report Thursday.
Posted: Mar 12, 2020
North Carolina Gov. Roy Cooper declared a state emergency Tuesday due to the coronavirus and his administration urged people over age 65 and medically fragile residents to avoid large gatherings. Meanwhile, Duke University announced later Tuesday that it has suspended …
Posted: Mar 12, 2020
The wheels of justice are slowing down around the world as court systems based on open, public hearings deal with an outbreak that dictates the opposite. In Connecticut, where the governor has declared a public health emergency, the federal courts …
Posted: Mar 12, 2020
Lloyd’s Trading Will Continue During Shutdown of London Building for Coronavirus Stress Test Lloyd's is shutting its London underwriting room at 1 Lime Street for one day for a contingency planning exercise in response to the coronavirus outbreak. Starting at 12:01 a.m. on March 13 and for ...
Posted: Mar 12, 2020
The roster of insurance-related conferences being canceled, postponed or moved to virtual in response to the coronavirus threat keeps changing. Here is an updated list of changes: March Property Liability Research Bureau (PLRB) called off its 2020 Claims Conference scheduled …
Posted: Mar 12, 2020
The Impact of Coronavirus on Workers Comp: NCCI The National Council on Compensation Insurance (NCCI) has offered its perspective on the potential implications of coronavirus on the workers compensation industry. Compensability: Workers comp laws ...
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