Special Coverage: COVID-19

Virus Threatens to Unleash Lawsuits Against Global Business

Posted: Mar 09, 2020

The coronavirus has upended markets, disrupted supply chains and forced quarantines. It’s all fertile ground for lawsuits. Hospitals, restaurants, day care centers, nursing homes and hotels may face claims that they didn’t take adequate steps to protect people. Shareholders can …

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Coronavirus Boosts Cyber Risk by Andrew Mahony

Posted: Mar 09, 2020

Concern about the spread of the coronavirus has triggered the largest “work-from-home” mobilization in history. Here are practical steps that organizations can take to remain cyber resilient amid the crisis. The outbreak of COVID-19 has caused significant disruption to businesses and a degree of...

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U.S. Says 7 Firms Falsely Claiming Products Treat COVID-19

Posted: Mar 09, 2020

The Federal Trade Commission and U.S. Food and Drug Administration (FDA) have warned seven companies for allegedly selling unapproved products that may violate federal law by making deceptive or scientifically unsupported claims about their ability to treat coronavirus (COVID-19). The …

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#WCRI2020: Post conference thoughts

Posted: Mar 09, 2020

WCRI policy analyst Vennela Thumula discusses trends in opioid use with Dr. Albert Rielly of Massachusetts General Hospital. By James Lynch, Chief Actuary, Insurance Information Institute It’s a heavy pour in first class on the train back from Boston (Woodford Reserve), but it lets me absor...

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‘Cancel for Any Reason’ Travel Policies Offered in New York as Coronavirus Spreads

Posted: Mar 09, 2020

Six global and national insurance companies have agreed to offer ‘cancel for any reason’ travel policies in New York state after Governor Cuomo on Friday confirmed 11 additional cases of COVID-19, bringing the statewide total number of cases to 44. …

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Outbreak to put stress on European insurers' balance sheets

Posted: Mar 09, 2020

A report by U.S.-based insurance rating agency A.M. Best Co. Inc. has said that the coronavirus outbreak could put European insurers’ balance sheets under stress, although the biggest impact is likely to come from the ensuing economic fallout rather than from direct exposure to the virus.

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Italy puts northern Italy under quarantine to contain outbreak

Posted: Mar 09, 2020

Italy's decision to put up to 16 million people under quarantine in northern Italy, to contain the coronavirus, will effectively shut down a significant part of the economy.

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FACTBOX: Latest News on Coronavirus’ Health, Economic Impact

Posted: Mar 09, 2020

The number of people infected with coronavirus topped 110,000 across the world as the outbreak reached more countries and caused more economic damage. DEATHS/INFECTIONS * More than 110,000 people have been infected by the coronavirus across the world and over …

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The coronavirus and its impact

Posted: Mar 09, 2020

COVID-19 has upended lives and businesses around the world. These articles provide valuable insights on insurance coverage, preparation tips and more to help individuals and businesses reduce exposures as the virus continues to spread.

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Coronavirus Outbreak Expands Risk of Cyberattack

Posted: Mar 09, 2020

As U.S. employers ask employees to work from home to avoid exposure to coronavirus, they may be exposing themselves to another kind of risk: Cyberattacks. Aon on Friday issued an advisory cautioning employers to take steps to ensure that work-from-home …

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Workers on Coronavirus Front Lines Fear Protections Are Inadequate

Posted: Mar 09, 2020

As coronavirus cases exploded across the world, federal medical workers tasked with screening incoming passengers at U.S. airports grew alarmed: Many were working without the most effective masks to protect them from getting sick themselves. Screeners with the U.S. Centers …

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How People Perceive and Manage Risks Like Coronavirus

Posted: Mar 09, 2020

Anna Alexander, a property manager in Virginia Beach, Virginia, started the day Monday thinking that she might avoid shaking hands because of the coronavirus outbreak. Then somebody stuck out a hand to shake. She took it. “I’m a business person,”Alexander, …

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'Bleak' outlook ahead for some global companies as virus spreads

Posted: Mar 08, 2020

Some global companies are losing about $71K a day, among other losses, as a result of the coronavirus, a new survey shows.

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This Week’s PLRB Claims Conference Cancelled Due to Concern Over Coronavirus

Posted: Mar 08, 2020

A major insurance claims industry conference scheduled to start Sunday, March 8 has been cancelled due to events related to the coronavirus. The event was scheduled for the Gaylord National Hotel in National Harbor, Maryland, outside Washington, D.C. The Property …

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This Week’s PLRB Claims Conference Cancelled Due to Concern Over Coronavirus

Posted: Mar 08, 2020

A major insurance claims industry conference scheduled to start Sunday, March 8 has been cancelled due to events related to the coronavirus. The event was scheduled for the Gaylord National Hotel in National Harbor, Maryland, outside Washington, D.C. The Property …

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Austin’s SXSW Cancelled Due to Texas Coronavirus Cases

Posted: Mar 06, 2020

Austin Mayor Steve Adler declared a local disaster on March 5 that effectively cancels this year’s South by Southwest festival. The 10-day event was scheduled to begin March 13 and expects hundreds of thousands of attendees to fly in from …

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Coronavirus Spread Raises Govt. and Bank Demand for Debt Insurance

Posted: Mar 06, 2020

Coronavirus Spread Raises Govt. and Bank Demand for Debt Insurance The cost of insuring exposure to sovereign as well as corporate debt rose almost across the board on Friday as the spread of coronavirus raised the prospect of debt distress and government bailouts. ...

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Science Says: How Risky is That Virus? Your Mind May Mislead

Posted: Mar 06, 2020

NEW YORK — Anna Alexander, a property manager in Virginia Beach, Virginia, started the day Monday thinking that she might avoid shaking hands because of the coronavirus outbreak. Then somebody stuck out a hand to shake. She took it. “I’m …

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AFL-CIO calls on OSHA to create temp standard for pandemics

Posted: Mar 06, 2020

The AFL-CIO is calling on the U.S. Occupational Safety and Health Administration to create an emergency temporary standard to protect workers from the potential coronavirus pandemic and future infectious agents.

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