Special Coverage: COVID-19

Washington approves comp for quarantined health, safety workers

Posted: Mar 06, 2020

Washington Gov. Jay Inslee on Thursday announced immediate changes to the state’s workers compensation rules to provide comp coverage for health care workers and first responders who are quarantined following exposure to the coronavirus.

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The BI Top 10: Week of March 2, 2020

Posted: Mar 06, 2020

Coronavirus dominated this week's news, accounting for five stories in the Business Insurance Top 10. The most highly read story, though, focused on the acceleration in commercial insurance rate hikes in February.

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Coronavirus Wreaks Havoc on Global Businesses as Infections Pass 100,000

Posted: Mar 06, 2020

The number of people infected with the new coronavirus across the world surpassed 100,000 on Friday as the economic damage intensified, with business districts beginning to empty and stock markets tumbling. An increasing number of people faced a new reality …

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Coronavirus Wrecks Havoc on Global Businesses as Infections Near 100,000

Posted: Mar 06, 2020

Business districts around the world began to empty and stock markets tumbled on Friday as the number of coronavirus infections neared 100,000 and the economic damage wrought by the outbreak intensified. An increasing number of people faced a new reality …

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Officials Say 250 in Coronavirus Quarantine in Massachusetts

Posted: Mar 06, 2020

Massachusetts officials are launching an aggressive plan to regularly disinfect the state transit system and are calling on colleges and high schools to cancel study abroad programs as more than 700 residents have been quarantined amid the global spread of …

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Outbreak costs Middle East airlines nearly $100 million

Posted: Mar 06, 2020

The International Air Transport Association said that the coronavirus outbreak has cost the Middle East airlines nearly $100 million in lost revenue.

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U.S. Senate Passes $8.3B Bill to Fight Coronavirus; Trump Expected to Sign

Posted: Mar 06, 2020

The U.S. Senate on Thursday passed and sent to President Donald Trump an $8.3 billion funding bill to help state and local governments combat the spreading coronavirus, as public health experts outlined efforts to rapidly accelerate testing for the disease. …

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Trump Signs $8.3B Bill to Fight Coronavirus

Posted: Mar 06, 2020

President Donald Trump signed a $7.8 billion emergency coronavirus spending bill on Friday after the number of infections continued to rise and stocks tumbled. The amount of money provided in the legislation far exceeds Trump’s original request — $1.25 billion …

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Coronavirus Risk Management

Coronavirus Risk Management

Posted: Mar 05, 2020

EP 43 - This episode provides you with risk management ideas to consider in the event your office needs to shut down due to the coronavirus. Most people will telework but there are areas to address with this from servers to IP protocols, internet access to telephone trees.  Also consider remote call...

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Insurance industry reacts to coronavirus spread

Posted: Mar 05, 2020

Insurers, brokers and others say they are cautiously monitoring the situation with regards to the coronavirus, with some imposing limited travel restrictions and canceling events.

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New York-Area Financial Firms, Insurers Implement Travel Policies for Coronavirus

Posted: Mar 05, 2020

Financial firms in New York City were testing remote-work capabilities, implementing new travel restrictions and canceling or modifying upcoming events as the coronavirus outbreak – already on the finance capital’s doorstep – showed little sign of abating. MetLife Inc, whose …

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Aviva Posts Record Profit, Though CEO Tulloch Warns of Coronavirus Uncertainty

Posted: Mar 05, 2020

Aviva Posts Record Profit, Though CEO Tulloch Warns of Coronavirus Uncertainty Aviva shares jumped on Thursday as the life and general insurer posted a record profit in its first year under chief executive Maurice Tulloch, although he said coronavirus added uncertainty to the ...

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Coronavirus Business Lawsuits Are Coming

Posted: Mar 05, 2020

Coronavirus Business Lawsuits Are Coming 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 ...

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No Money For Masterpieces: Louvre Bans Cash Over Virus Fears

Posted: Mar 05, 2020

PARIS — The Louvre is no longer taking cash, because of the coronavirus outbreak. The world’s most-visited museum is shifting to card-only payments as part of new measures that helped persuade employees worried about getting sick to return to work …

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ECB tells banks to review coronavirus continuity plans

Posted: Mar 05, 2020

(Reuters) — The European Central Bank has asked euro zone banks to review their business continuity plans and the actions they can take to prepare for and minimize the potential adverse effects of the coronavirus, a letter seen by Reuters shows.

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Qantas Passengers Face Virus Risk as Inadequate Cleaning Exposed

Posted: Mar 05, 2020

Substandard plane-cleaning practices on a Qantas Airways Ltd. plane may have put workers and passengers at risk of catching the new coronavirus, according to a workplace safety watchdog. The airline’s method of cleaning planes that could have carried infected passengers …

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Record profit lifts Aviva shares, pays out on coronavirus claims

Posted: Mar 05, 2020

(Reuters) - U.K.-based insurer Aviva PLC shares jumped on Thursday as it posted a record profit in its first year under CEO Maurice Tulloch, although he said the coronavirus outbreak added uncertainty to the outlook.

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UK businesses could lose out on coronavirus claims

Posted: Mar 05, 2020

The Association of British Insurers has said that thousands of businesses may not be able to claim losses due to the coronavirus outbreak, despite the government reclassifying the illness as a "notifiable disease."

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Statistics

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