Special Coverage: COVID-19

Upcoming Insurance Conference Cancellations: WSIA, Cannabis, CFA and Others

Posted: Mar 10, 2020

The number of industry-related conferences being cancelled, postponed or moved to virtual in response to the coronavirus threat is growing. The Wholesale and Specialty Insurance Association (WSIA) has joined the ranks of those canceling events. Travel restrictions and corporate travel …

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Upcoming Insurance Event Cancellations: WSIA, Cannabis, CFA…

Posted: Mar 10, 2020

The number of industry-related conferences being cancelled, postponed or moved to virtual platforms in response to the coronavirus threat is growing. The Wholesale and Specialty Insurance Association (WSIA) has joined the ranks of those canceling events. Travel restrictions and corporate …

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Governor Cuomo Announces More Than 100 Coronavirus Cases in New York State

Posted: Mar 10, 2020

The number of coronavirus cases in New York state rose Sunday to more than 100, an expected increase Gov. Andrew Cuomo predicts will continue as more testing is done. New York City Mayor Bill de Blasio said Sunday that the …

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Risk managers advised to prepare for coronavirus D&O claims

Posted: Mar 10, 2020

Businesses should brace themselves for a likely flood of shareholder suits related to the new coronavirus outbreak, but the success of any litigation may depend on companies’ willingness to fully disclose directors and officers liability-related risks now, say many experts.

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Beijing to slash premiums to help businesses

Posted: Mar 10, 2020

Beijing municipal authorities plan to exempt or reduce more than 50 billion Chinese yuan ($7.2 billion) worth of commercial insurance premiums this year amid the coronavirus outbreak.

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Outbreak could cost South Korean airlines $5 billion

Posted: Mar 10, 2020

The Korea Civil Aviation Association has said that the coronavirus outbreak could cost local airlines around 5.875 trillion South Korean won ($5 billion) in lost sales in the first half of the year.

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Lufthansa to ground Airbus A380 fleet

Posted: Mar 10, 2020

German flag carrier Deutsche Lufthansa AG plans to ground its entire fleet of Airbus A380 aircraft until May amid a decline in bookings due to the coronavirus outbreak.

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Private Equity Firm KKR Shuts London Offices on Employee Diagnosis of Coronavirus

Posted: Mar 10, 2020

Private equity firm KKR & Co Inc. said late on Monday an employee in its London office had tested positive for coronavirus, and that it would temporarily close both its London offices to have them sanitized. “Our London office has …

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Brazil Insurer Caixa Seguridade Postpones IPO on Coronavirus Worries: Sources

Posted: Mar 10, 2020

Brazilian insurer Caixa Seguridade SA decided on Monday to cancel its initial public offering, two sources with knowledge of the matter said, amid concerns about the new coronavirus and plunging oil prices. Controlling shareholder state bank Caixa Economica Federal had …

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Crawford & Company creates coronavirus helpdesk

Posted: Mar 10, 2020

New platform to serve as an important hub for insurance companies

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Life insurers have plans in place for potential coronavirus pandemic

Posted: Mar 10, 2020

While a lot of the insurance-centered coronavirus discussion has focused on whether health insurers cover coronavirus treatment, LIMRA decided to take a look at how life insurers are planning to deal with possible impacts of a pandemic. A quick LIMRA and LOMA survey of financial services companies f...

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Insurance may cover these coronavirus-related scenarios

Posted: Mar 10, 2020

While commercial insurance policies are not designed to protect against illnesses, standard policies may provide limited coverage.

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Couple Suing Princess Cruise Line Over Coronavirus Claims Improper Screening

Posted: Mar 10, 2020

A Florida couple who was aboard the coronavirus-hit Grand Princess ocean liner has sued the ship’s owner for more than $1 million, claiming the company put profits over safety and did not have proper screening protocols in place. Ronald and …

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Carnival’s Princess Sued by Passengers Over Virus Cruise

Posted: Mar 10, 2020

A Florida couple aboard the ship that docked in California Monday with 21 confirmed coronavirus patients is suing Carnival Corp.’s Princess Cruise Lines, saying the company put passengers in danger. Ronald and Eva Weissberger of Florida’s Broward County are seeking …

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Coronavirus: How to advise commercial insurance clients

Posted: Mar 09, 2020

Employers can take these steps to address potential or actual COVID-19 occurrences in the workplace.

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What you need to know about coronavirus and supply chains

Posted: Mar 09, 2020

The COVID-19 outbreak is disrupting supply chains for computers, electronics, vehicles and more.

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Passengers sue over coronavirus-hit Grand Princess cruise ship

Posted: Mar 09, 2020

(Reuters) — A Florida couple who were passengers on the Grand Princess ocean liner linked to the coronavirus outbreak have sued the ship's owner for more than $1 million for putting the couple's health at risk, according to a lawsuit filed on Monday.

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Coronavirus update: States declare emergencies, Italy lockdown and more

Posted: Mar 09, 2020

Here are the latest coronavirus updates from around the world on March 9, 2020.

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New York Residents Can Buy Travel Insurance With Coronavirus Protections

Posted: Mar 09, 2020

New York Residents Can Buy Travel Insurance With Coronavirus Protections Travel insurers and travel agents will offer New York residents and businesses the ability to buy coverage that would allow them to cancel a trip for any reason, including those related to ...

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