Special Coverage: COVID-19

Coronavirus Likely to Trigger Pandemic Bond Payouts to Poor Countries

Posted: Mar 11, 2020

The severity of the global coronavirus epidemic has reached levels almost certain to trigger a financial instrument sold by the World Bank to raise money for developing countries in a pandemic. The bonds, which were sold in 2017, are quoted …

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Wading through the coronavirus maze

Posted: Mar 11, 2020

A new podcast from FC&S and PropertyCasualty360.com highlights some of the issues surrounding COVID-19 for insurers.

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Trump restricts travel from Europe, offers aid for businesses

Posted: Mar 11, 2020

In his address, Trump claimed that his early action to restrict travel from China slowed the spread of the coronavirus in the U.S.

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Coronavirus conference canceled over coronavirus concerns

Posted: Mar 11, 2020

Coronavirus has no business in business conferencing, as the Council on Foreign Relations announced that it is canceling Friday’s roundtable event in New York — “Doing Business Under Coronavirus” — because of the virus threat.

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OSHA reminds employers COVID-19 is a recordable illness

Posted: Mar 11, 2020

The Occupational Safety and Health Administration released on Monday guidance to help employers prepare their workplaces for an outbreak of COVID-19 — along with a reminder that any incidents of employees contracting the novel coronavirus at work are recordable illnesses, subject to the same rules a...

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Coronavirus expected to affect insurer returns more than claims

Posted: Mar 11, 2020

The effects on property/casualty insurers of the novel coronavirus will manifest more in investment returns than claims, according to a report Wednesday from investment banking company Piper Sandler & Co.

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Credit insurers likely to limit coverage amid pandemic: Marsh

Posted: Mar 11, 2020

Trade credit insurers are currently reviewing their exposures and will likely limit coverage amid the growing economic fallout from the coronavirus outbreak, Marsh LLC experts said Wednesday.

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Trade credit insurers likely to limit cover amid pandemic: Marsh

Posted: Mar 11, 2020

Trade credit insurers are currently reviewing their exposures and will likely limit coverage amid the growing economic fallout from the coronavirus outbreak, Marsh LLC experts said Wednesday.

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NBA, MLB, NHL, MLS Closing Locker Rooms Amid Virus Scare

Posted: Mar 11, 2020

MIAMI — The NBA, NHL, Major League Baseball and Major League Soccer are closing access to locker rooms and clubhouses to all nonessential personnel, including media, in response to the coronavirus crisis, the leagues announced in a joint statement Monday …

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Two People Who Attended Cyber Event Contract Coronavirus

Posted: Mar 11, 2020

Two cybersecurity company employees who attended an annual industry conference last month in San Francisco have tested positive for the coronavirus. At least one is seriously ill with respiratory issues. One of the workers at Exabeam Inc. is a 45-year-old …

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Two Former Grand Princess Passengers Sue Owners, Alleging Profits Over Safety

Posted: Mar 11, 2020

Two Former Grand Princess Passengers Sue Owners, Alleging Profits Over Safety 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 ...

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Boeing Plans Full Drawdown of $13.825 Billion Loan

Posted: Mar 11, 2020

Boeing Co. is planning to draw down the full amount of a $13.825 billion loan as early as Friday as the planemaker grapples with worldwide travel disruptions from the coronavirus, people familiar with the matter said. Boeing obtained the loan …

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Caution is based in knowledge, fear is based in suspicion

Posted: Mar 11, 2020

I’ve been wrestling over what to write here for the last several days. Here is a list of different articles that I ultimately rejected for several different reasons. Why losses related to COVID-19 is not covered on (you pick) policies. …

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Possible Delay of Tokyo Olympics Dismissed by Head of Organizing Committee

Posted: Mar 11, 2020

A delay of one or two years would be the “most feasible” option if the Tokyo Olympics cannot be held this summer due to the global outbreak of the coronavirus, a member of the organizing committee’s executive board told Reuters. …

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Small Businesses in Seattle Pinched as Virus Keeps Workers Home

Posted: Mar 11, 2020

The coronavirus outbreak has largely emptied Seattle’s usually busy downtown streets after Amazon and other companies told tens of thousands of people to work from home. That means far fewer customers for restaurants, shops and other businesses. The Seattle area …

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Prudential Plc declares strong year end results for 2019

Posted: Mar 11, 2020

It also points to the impact of the coronavirus outbreak

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COVID-19 Emergency Regulations for Health Carriers Approved in Maryland

Posted: Mar 11, 2020

The Maryland General Assembly’s Joint Committee on Administrative, Executive & Legislative Review has approved emergency regulations for all health carriers regulated by the Maryland Insurance Administration (MIA). The following new regulations, issued by Governor Larry Hogan to control the spread …

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British Airways, Ryanair to suspend all Italy flights

Posted: Mar 11, 2020

U.K.-based British Airways PLC and Irish airline Ryanair DAC plan to suspend all flights to and from Italy after the entire nation was placed in lockdown to contain the coronavirus outbreak.

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Outbreak increases market risks for Japanese insurers

Posted: Mar 11, 2020

An analysis by U.S.-based credit rating agency Fitch Ratings Inc. concluded that Japanese insurers would experience minimal insured losses related to the coronavirus outbreak, but would instead face greater market risks such as interest rates, equities, credit-spread products, or currencies.

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Risk Matrix | Raining Iguanas, Hacking the NFL, the Rapid Spread of Coronavirus and More

Posted: Mar 11, 2020

The post Risk Matrix | Raining Iguanas, Hacking the NFL, the Rapid Spread of Coronavirus and More appeared first on Risk & Insurance.

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Statistics

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