Special Coverage: COVID-19

Booming Cannabis Conference Business Isn’t Immune to Coronavirus Fears

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 …

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Lawmakers introduce bills in response to COVID-19

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.

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Coronavirus Crisis Hits Insurers With Double Whammy

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 ...

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Swiss Re predicts virus-related recession

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.

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North Carolina Governor Declares Emergency to Combat Virus

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 …

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Coronavirus Delays Court Proceedings Around the World

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 …

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Lloyd’s Trading Will Continue During Shutdown of London Building for Coronavirus Stress Test

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 ...

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Update March 12: Insurance Conferences Canceled, Postponed, Going Virtual

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 …

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The Impact of Coronavirus on Workers Comp: NCCI

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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Coronavirus Cases in at Least 10 Washington Nursing Homes

Posted: Mar 12, 2020

At least 10 long-term care facilities in the Seattle area have reported COVID-19 cases, with deaths at three of them _ a worrying development as health officials have cautioned that the elderly and those with underlying conditions are especially at …

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California Governor Warns of More Restrictions to Stop Virus

Posted: Mar 12, 2020

California Gov. Gavin Newsom urged the state’s nearly 40 million residents to avoid sporting events, concerts and large gatherings to prevent the spread of the coronavirus and adamantly warned the elderly to stay away from cruise ships as he pondered …

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Silver lining for some: Virus shutdown boosts China nonlife insurers

Posted: Mar 12, 2020

(Reuters) — Chinese nonlife insurers are discovering a silver lining to the cloud spreading over China's economic performance from the coronavirus outbreak — a sharp drop in car accident claims.

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Lloyd’s to Shut London Building for Coronavirus Stress-Test – But Trading Will Continue

Posted: Mar 12, 2020

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 midnight tonight and for 24 hours, Lloyd’s will stress-test its alternative trading protocols, …

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Governor Murphy Waives Fees for COVID-19 Testing for Some New Jersey Residents

Posted: Mar 12, 2020

New Jersey Governor Phil Murphy said Tuesday the state will waive fees for COVID-19 testing for more than 2 million residents on certain health plans. The waivers apply to residents with health insurance through their jobs with the state and …

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Insurers impacted by coronavirus twice over

Posted: Mar 12, 2020

As the pandemic worsens, one line of insurance is especially hurting

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Outbreak could hurt Mexican car production

Posted: Mar 12, 2020

Mexican officials have said that local automobile factories might have to suspend production as the coronavirus outbreak disrupts shipments of key parts from China.

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China Non-Life Insurers See Big Drop in Car Accident Claims in Coronavirus Silver Lining

Posted: Mar 12, 2020

Chinese non-life insurers are discovering a silver lining to the cloud spreading over China’s economic performance from the coronavirus outbreak – a sharp drop in car accident claims. Beijing’s efforts to contain the new coronavirus have included widespread travel and …

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Insurers Face Big Investment Losses, Trade Credit Claims from Coronavirus Crisis

Posted: Mar 12, 2020

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 investment losses. Because epidemics are excluded from …

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ClearRisk announces work from home policy amid coronavirus

Posted: Mar 12, 2020

Insurtech also offers tips on how other companies can address the pandemic issue

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COVID-19: More than a health threat

Posted: Mar 12, 2020

The coronavirus has put companies' brands and reputations at risk, but a strong crisis communications plan can help mitigate damage.

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