Special Coverage: COVID-19

Parametric Insurance Could Offer Hotels Relief from Coronavirus Cancellations

Posted: Mar 04, 2020

Organizers of events called off because of the coronavirus are likely to miss out on insurance payouts because typical policies do not cover epidemic outbreaks. Hotels hit by cancellations may fare better. That is because a new type of insurance …

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AIR Worldwide Pandemic Model Identifies Countries at Highest Risk for Coronavirus

Posted: Mar 04, 2020

AIR Worldwide published an evaluation of potential coronavirus disease 2019 (COVID-19) cases in other countries, using its pandemic model to run hypothetical scenarios that could reveal those countries at the highest risk for onward infections. In these scenarios, AIR simulated …

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It’s Conference-as-Usual For Insurance Amid Coronavirus (Except No Handshakes)

Posted: Mar 04, 2020

As the coronavirus and its COVID-19 disease spread, Insurance professionals going to industry conferences over the next few weeks and months could find themselves having their temperature taken at the door and being told not to shake hands with fellow …

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It’s Mostly Conference-as-Usual For Insurance Amid Coronavirus (Except No Handshakes)

Posted: Mar 04, 2020

As the coronavirus and its COVID-19 disease spread, Insurance professionals going to industry conferences over the next few weeks and months could find themselves having their temperature taken at the door and being told not to shake hands with fellow …

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Around the P&C insurance industry: March 4, 2020

Posted: Mar 03, 2020

The National Association of Insurance Commissioners (NAIC) has launched a Coronavirus Resource Center in an effort to help support the public, the…

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Global macro and insurance outlook: Q1 2020

Posted: Mar 03, 2020

COVID-19’s impact on global growth and the insurance industry is likely deeper and wider than the current consensus, and could last well into Q3 and beyond, according to this report. Key findings include: economic impact likely to continue into Q3/Q4 2020 and 2021; the event could reduce global GDP...

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Handshakes, Buffets Out. Otherwise It’s Insurance Conferences-as-Usual Amid Coronavirus.

Handshakes, Buffets Out. Otherwise It’s Insurance Conferences-as-Usual Amid Coronavirus.

Posted: Mar 03, 2020

As the coronavirus and its COVID-19 disease spread, Insurance professionals going to industry conferences over the next few weeks and months could find themselves having their temperature taken at the door and being told not to shake hands with fellow …

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Triple-I Webinar Covers COVID-19’s Economic and Health Implications

Posted: Mar 03, 2020

The Insurance Information Institute invites members to a webinar titled “Covid-19’s Impact on Health, the Economy and Growth” on March 5 at 11:00 a.m. EST presented by Triple-I Vice President and Senior Economist Michel Léonard, PhD, CBE. Dr. Lèonard will discuss the following key points:...

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Joint Industry Forum, Leader of the Year and Coronavirus

Posted: Mar 03, 2020

AMBestTV reports on two major gatherings of insurance luminaries: the annual Property/Casualty Insurance Joint Industry Forum and St. John’s University’s 25th annual Insurance Leader of the Year Awards Dinner. Video news also includes coverage of Pennsylvania Lumbermens Mutual’s 125th anniversary, t...

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Parametric Insurance Could Offer Hotels Relief from Coronavirus Cancellations

Parametric Insurance Could Offer Hotels Relief from Coronavirus Cancellations

Posted: Mar 03, 2020

Organizers of events called off because of the coronavirus are likely to miss out on insurance payouts because typical policies do not cover epidemic outbreaks. Hotels hit by cancellations may fare better. That is because a new type of insurance …

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Fitch Sees Only ‘Modest Impact’ on U.S. P/C Insurance from Coronavirus

Fitch Sees Only ‘Modest Impact’ on U.S. P/C Insurance from Coronavirus

Posted: Mar 03, 2020

The coronavirus (COVID-19) outbreak is not currently anticipated to have a meaningful adverse impact on financial results reported by U.S. property/casualty companies, nor their ratings, according to Fitch Ratings. The nature of insured commercial exposures along with restrictive language embedded …

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Parametric Insurance Offers Hotels Some Relief From Coronavirus Event Cancellations

Parametric Insurance Offers Hotels Some Relief From Coronavirus Event Cancellations

Posted: Mar 03, 2020

Parametric Insurance Offers Hotels Some Relief From Coronavirus Event Cancellations Organizers of events called off because of the coronavirus are likely to miss out on insurance payouts because typical policies do not cover epidemic outbreaks. Hotels hit by cancellations may fare ...

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New York Insurers Required to Waive Cost-Sharing for Coronavirus Testing

New York Insurers Required to Waive Cost-Sharing for Coronavirus Testing

Posted: Mar 03, 2020

The New York State Department of Financial Services is requiring New York health insurers to waive cost sharing associated with testing for novel coronavirus, including emergency room, urgent care and office visits. New Yorkers receiving Medicaid coverage will also not …

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AIR Worldwide Uses Pandemic Model to Determine Countries at Highest Risk

AIR Worldwide Uses Pandemic Model to Determine Countries at Highest Risk

Posted: Mar 03, 2020

AIR Worldwide published an evaluation of potential coronavirus disease 2019 (COVID-19) cases in other countries, using its pandemic model to run hypothetical scenarios, which could reveal those countries at the highest risk for onward infections. In these scenarios, AIR simulated …

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Coronavirus May Force Companies to Rethink Global Supply Chains: OECD Economist

Coronavirus May Force Companies to Rethink Global Supply Chains: OECD Economist

Posted: Mar 03, 2020

The upheaval from the coronavirus outbreak may be the final jolt that the world’s biggest companies need to reevaluate how they operate in a globalized economy, the OECD’s chief economist Laurence Boone said. The sprawling, continent-crossing supply chains of corporations …

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Coronavirus fraud: A guide to potential schemes

Coronavirus fraud: A guide to potential schemes

Posted: Mar 03, 2020

Fear and confusion create a climate ripe for fraud. Here are some potential schemes company leaders and risk management executives should prepare for.

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Coronavirus Rumors Spread on App Cripple Los Angeles’ Koreatown

Coronavirus Rumors Spread on App Cripple Los Angeles’ Koreatown

Posted: Mar 02, 2020

LOS ANGELES — In a Koreatown restaurant known for its beef bone broth soup, the lunchtime crowd Friday was half its normal size. The reason was a virulent rumor about a customer with coronavirus. Han Bat Shul Lung Tang was …

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Estimates for COVID-19: AIR Worldwide

Posted: Mar 02, 2020

Current estimates outside of China are 7,000 to 19,000 moderately symptomatic, 3,000 to 10,000 severely symptomatic, and 500 to 6,000 deaths.

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Re/Insurers to Feel Coronavirus Impact From Financial Market Volatility: Moody’s

Re/Insurers to Feel Coronavirus Impact From Financial Market Volatility: Moody’s

Posted: Mar 02, 2020

Global insurers and reinsurers are exposed to the coronavirus outbreak directly through a potential spike in claims, and indirectly through the impact on economic growth and the resultant financial market volatility, according to a report from Moody’s Investors Service. An …

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