Special Coverage: COVID-19

Preparing for a pandemic should be part of every household’s emergency plan

Posted: Feb 26, 2020

Getty Images Health officials in the U.S. have advised businesses, schools and communities to prepare for a possible outbreak of the COVID-19 coronavirus. On Tuesday, February 25, the Centers for Disease Control and Prevention (CDC) said a wider spread of the virus in the U.S. can be expected, bu...

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Allianz CEO Says Market Panic Over Coronavirus Isn’t Warranted

Allianz CEO Says Market Panic Over Coronavirus Isn’t Warranted

Posted: Feb 26, 2020

Allianz CEO Says Market Panic Over Coronavirus Isn’t Warranted Markets are overreacting to the threat of the rapidly spreading coronavirus and the global economy will only see a short-term impact, said the head of Allianz SE, Europe's biggest insurer. Chief ...

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Viewpoint: The Coronavirus May Be Worse Than a Natural Disaster

Viewpoint: The Coronavirus May Be Worse Than a Natural Disaster

Posted: Feb 26, 2020

Everyone is wondering when China will return to work. While it may be tempting to consider past epidemics or labor strikes to gauge how quickly that could happen, the industrial shutdown from the coronavirus is looking more like a natural …

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Markets Are Overreacting to Threat of Coronavirus: Allianz CEO Baete

Markets Are Overreacting to Threat of Coronavirus: Allianz CEO Baete

Posted: Feb 26, 2020

Markets are overreacting to the threat of the rapidly spreading coronavirus and the global economy will only see a short-term impact, said the head of Allianz SE, Europe’s biggest insurer. Chief Executive Officer Oliver Baete said the firm was more …

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Policy wording critical as businesses assess coronavirus claims

Policy wording critical as businesses assess coronavirus claims

Posted: Feb 26, 2020

Sedgwick executive explains the complexities surrounding business interruption loss

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Coronavirus’ Hits to Supply Chains Could Surpass Natural Disasters: Opinion

Coronavirus’ Hits to Supply Chains Could Surpass Natural Disasters: Opinion

Posted: Feb 26, 2020

Everyone is wondering when China will return to work. While it may be tempting to consider past epidemics or labor strikes to gauge how quickly that could happen, the industrial shutdown from the coronavirus is looking more like a natural …

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Insurance Coverage for Losses Stemming from the Coronavirus

Insurance Coverage for Losses Stemming from the Coronavirus

Posted: Feb 26, 2020

The coronavirus has not only sickened tens of thousands of people, killed several hundred, and disrupted life for millions, but has also sharply impacted the second-largest economy in the world. Many Chinese companies have suspended operations, and international companies like …

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Coronavirus Fears Drive Up Credit Risk for Gulf Crude Exporters

Coronavirus Fears Drive Up Credit Risk for Gulf Crude Exporters

Posted: Feb 25, 2020

The cost of insuring against sovereign debt defaults by Gulf Arab states has risen in recent days as markets price the risk the coronavirus outbreak represents for the crude export-dependent region. Conventional spreads on the five-year credit default swaps (CDS) …

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Coronavirus Update: On Decline in China But of Rising Concern in South Korea, Italy, Iran

Coronavirus Update: On Decline in China But of Rising Concern in South Korea, Italy, Iran

Posted: Feb 25, 2020

Iran’s coronavirus death toll rose to 16 on Tuesday, the most outside China, heightening its international isolation as dozens of worst-hit nations from South Korea to Italy accelerated emergency measures to curb the epidemic’s global spread. Believed to come from …

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Marsh on preparing businesses for the coronavirus outbreak

Marsh on preparing businesses for the coronavirus outbreak

Posted: Feb 25, 2020

It releases four-step plan to help businesses prepare

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Will travel insurance cover coronavirus?

Will travel insurance cover coronavirus?

Posted: Feb 24, 2020

With continued flight cancellations and imposed travel restrictions, it's important to know what travel insurance covers.

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Notes from China: As the virus spreads, keep calm and carry on

Notes from China: As the virus spreads, keep calm and carry on

Posted: Feb 24, 2020

Law.com International's Hong Kong bureau chief was visiting her family in mainland China when the coronavirus outbreak occurred. In this report, she describes her experience.

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China’s Ping An Insurance Warns Coronavirus May Impact Business

China’s Ping An Insurance Warns Coronavirus May Impact Business

Posted: Feb 20, 2020

China’s Ping An Insurance Warns Coronavirus May Impact Business Ping An Insurance Group Co of China Ltd , China's largest insurer by market value, said on Thursday that the coronavirus may have an impact on its business. Ping An's comments on the virus were ...

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Coronavirus Raises Insurance Questions But Catastrophe-Tested Insurers Are Prepared

Coronavirus Raises Insurance Questions But Catastrophe-Tested Insurers Are Prepared

Posted: Feb 20, 2020

As the coronavirus outbreak continues to cause concern around the globe, the insurance industry is facing a potentially far-reaching impact but has the experience to handle what might come its way. Based on what the industry has learned from historical …

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China’s Ping An Insurance Says Coronavirus Outbreak Could Hit Business

China’s Ping An Insurance Says Coronavirus Outbreak Could Hit Business

Posted: Feb 20, 2020

Ping An Insurance Group Co. of China Ltd., China’s largest insurer by market value, said on Thursday that the coronavirus may have an impact on its business. Ping An’s comments on the virus were included in its annual results, where …

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Virus Havoc Could Shut Down a Nissan Factory Half a World Away

Virus Havoc Could Shut Down a Nissan Factory Half a World Away

Posted: Feb 20, 2020

Nissan Motor Co. is bracing for potential disruptions in plants as far away as the U.S. because the coronavirus epidemic in China is leading to a parts shortage and wreaking havoc across the supply chain, people familiar with the matter …

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World Bank Pandemic Bond Losing Value, Facing Criticism as Coronavirus Spreads

World Bank Pandemic Bond Losing Value, Facing Criticism as Coronavirus Spreads

Posted: Feb 19, 2020

A World Bank bond designed to deliver funding to help the world’s poorest countries to tackle fast-spreading diseases has lost half its value as the coronavirus outbreak in China has fanned fears that investors could face hefty losses. After the …

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Coronavirus outcomes range from pandemic to new flu, experts say

Coronavirus outcomes range from pandemic to new flu, experts say

Posted: Feb 19, 2020

Even as the number of new cases appears to ebb, experts say they’re preparing for a future that past pandemics have only hinted at.

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Coronavirus, Pandemics and Workers’ Compensation

Coronavirus, Pandemics and Workers’ Compensation

Posted: Feb 19, 2020

This week’s Academy Journal entry comes to us from friend of the Academy, Chris Boggs. Click and check out what he’s been up to. A pandemic is defined as, “an outbreak of a disease that occurs over a wide geographic …

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