Special Coverage: COVID-19

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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European Banks, Lloyd’s of London Develop Coronavirus Contingency Plans

Posted: Mar 05, 2020

Global banks and small investment firms in Europe are urging staff to work from home and curb travel as the financial industry braces for disruption from the rapidly spreading coronavirus outbreak. For many companies it will be a first-time experiment …

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InsureMyTrip launches coronavirus resources

Posted: Mar 05, 2020

Agents are predicting more travelers will try to postpone trips

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Pandemic checklist: How individuals and businesses can prepare

Posted: Mar 05, 2020

Here are several recommended precautions to take to help prevent and cope with the spread of the coronavirus and other infectious diseases.

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Insurance Claims Unlikely to Cushion Coronavirus Losses – But There Are Exceptions

Posted: Mar 05, 2020

Don’t look for much relief from insurers to cushion losses from canceled events, travel disruptions and potential medical claims from the deadly Covid-19 virus that’s sweeping across the globe. The world’s largest insurers have learned lessons from previous health crises, …

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Employers face ‘gray area’ with comp, coronavirus: Expert

Posted: Mar 04, 2020

Workers compensation legal experts say employers can look at past outbreaks and pandemics to try to understand the intersection of workplace injury and coronavirus, but that even history may not provide an accurate picture of what to expect if a pandemic occurs.

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Lawsuits Against Businesses Over Coronavirus Have Begun. More to Come?

Posted: Mar 04, 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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Big ‘I’ Creates Coronavirus Resource Page

Posted: Mar 04, 2020

To help members prepare and respond, the Big "I" will update a resource page as the outbreak develops.

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With a Few Exceptions, Insurers Are Unlikely to Cushion Coronavirus Losses

Posted: Mar 04, 2020

With a Few Exceptions, Insurers Are Unlikely to Cushion Coronavirus Losses Don't look for much relief from insurers to cushion losses from canceled events, travel disruptions and potential medical claims from the deadly Covid-19 virus that's sweeping across the globe. The ...

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Insurance Conferences Go on Despite Coronavirus, but No Handshakes (or Buffets) Allowed

Posted: Mar 04, 2020

Insurance Conferences Go on Despite Coronavirus, but No Handshakes (or Buffets) Allowed As the coronavirus and its COVID-19 disease spread, Insurance professionals going to industry conferences over the next few weeks and months could find themselves having their temperature taken at ...

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Coronavirus Concerns May Curb Events at Berkshire Hathaway’s May 2 Annual Meeting

Posted: Mar 04, 2020

Coronavirus Concerns May Curb Events at Berkshire Hathaway’s May 2 Annual Meeting Berkshire Hathaway Inc, the conglomerate run Warren Buffett, said it will hold its annual shareholder meeting on May 2 despite the coronavirus outbreak, but may curtail some of the surrounding ...

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San Antonio Officials Declare Emergency After COVID-19 Quarantine Hiccup

Posted: Mar 04, 2020

The top two governing officials of the San Antonio area on Monday blocked the release of quarantined cruise ship evacuees, declaring a public health emergency after a woman allowed to leave quarantine later tested positive for the new coronavirus. Declarations …

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