Special Coverage: COVID-19

Sanofi to Work with U.S. Agency on Coronavirus Vaccine

Sanofi to Work with U.S. Agency on Coronavirus Vaccine

Posted: Feb 18, 2020

Sanofi to Work with U.S. Agency on Coronavirus Vaccine French drugmaker Sanofi is working with a U.S. government agency to develop a vaccine against the new coronavirus from China, saying it could have a candidate ready for clinical trials within a year. ...

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Chinese Province Launches Specialty Insurance for Businesses Slammed by Coronavirus

Chinese Province Launches Specialty Insurance for Businesses Slammed by Coronavirus

Posted: Feb 18, 2020

Chinese Province Launches Specialty Insurance for Businesses Slammed by Coronavirus China's southern province of Hainan has launched the first specially-designed insurance product to cover losses incurred by businesses as a result of the coronavirus outbreak in the country, the ...

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12 Chinese Insurers Co-Launch Coverage for Businesses Hit by Coronavirus

12 Chinese Insurers Co-Launch Coverage for Businesses Hit by Coronavirus

Posted: Feb 18, 2020

China’s southern province of Hainan has launched the first specially designed insurance product to cover losses incurred by businesses as a result of the coronavirus outbreak in the country, the banking and insurance regulator said. The scheme has set aside …

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Cruise Ship Tests Coronavirus Containment As 300 Passengers Return to U.S.

Cruise Ship Tests Coronavirus Containment As 300 Passengers Return to U.S.

Posted: Feb 17, 2020

TRAVIS AIR FORCE BASE, Calif./GENEVA, Feb 17 —More than 300 American cruise liner passengers, including 14 who tested positive for coronavirus, were flown home to military bases in the United States after two weeks under quarantine off Japan. The cruise …

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Cruise Industry Gives Asia a Wide Berth as it Seeks to Limit Coronavirus Risks

Cruise Industry Gives Asia a Wide Berth as it Seeks to Limit Coronavirus Risks

Posted: Feb 14, 2020

BANGKOK –The plight of the cruise ship off Japan with more than 200 coronavirus infections and the shunning of another luxury liner by five ports despite no known cases has led to a sharp change in tack for an industry …

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Coronavirus Epidemic Could Infect Two-Thirds of World’s Population: WHO Scientist

Coronavirus Epidemic Could Infect Two-Thirds of World’s Population: WHO Scientist

Posted: Feb 14, 2020

As the number of coronavirus cases jumps dramatically in China, a top infectious-disease scientist warns that things could get far worse: Two-thirds of the world’s population could catch it. So says Ira Longini, an adviser to the World Health Organization …

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Coronavirus Leads Companies with Supply Chain Disruptions to Invoke ‘Force Majeure’

Coronavirus Leads Companies with Supply Chain Disruptions to Invoke ‘Force Majeure’

Posted: Feb 13, 2020

With the coronavirus outbreak that originated in Hubei province, China, showing no signs of abating any time soon, some companies that buy and sell goods in the Chinese market are taking interest in the legal defense of “force majeure.” The …

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Coronvirus Led to Cancellation of Telecoms Meeting, but Insurance Cover Is Excluded

Coronvirus Led to Cancellation of Telecoms Meeting, but Insurance Cover Is Excluded

Posted: Feb 13, 2020

Companies that have spent money on a major telecoms conference in Barcelona that has been canceled after mass withdrawals due to the coronavirus outbreak cannot expect compensation under the organizers’ standard insurance, they said on Thursday. The GSMA telecoms body …

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Insurers Rush to Exclude Coronavirus Epidemic from Event-Cancellation Protection

Insurers Rush to Exclude Coronavirus Epidemic from Event-Cancellation Protection

Posted: Feb 13, 2020

Businesses looking to buy cancellation insurance for events around the world will not be able to get cover for the new coronavirus outbreak, industry sources said, as insurers rush to exclude the epidemic from their policies. The Shanghai Grand Prix …

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CDC Cites Label Error in Mixup Involving Coronavirus Patient

CDC Cites Label Error in Mixup Involving Coronavirus Patient

Posted: Feb 13, 2020

SAN DIEGO — A labeling error caused a woman infected with the novel coronavirus to be mistakenly released from a hospital but the oversight was noticed as she was returning to a San Diego military base where more than 200 …

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Insurers Rush to Strip Coronavirus from Event-Cancellation Cover

Insurers Rush to Strip Coronavirus from Event-Cancellation Cover

Posted: Feb 13, 2020

LONDON, Feb 13 — Businesses looking to buy cancellation insurance for events around the world will not be able to get cover for the new coronavirus outbreak, industry sources said, as insurers rush to exclude the epidemic from their policies. …

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Carriers Rush to Exclude Coronavirus Epidemic From Event-Cancellation Policies

Carriers Rush to Exclude Coronavirus Epidemic From Event-Cancellation Policies

Posted: Feb 13, 2020

Carriers Rush to Exclude Coronavirus Epidemic From Event-Cancellation Policies Businesses looking to buy cancellation insurance for events around the world will not be able to get cover for the new coronavirus outbreak, industry sources said, as insurers rush to exclude the ...

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Uncertainty Clouds Business Risks Related to Covid-19 Coronavirus

Posted: Feb 13, 2020

Supply-chain disruptions due to Covid-19 could affect health care worldwide and lead to health, travel, life, workers comp, business interruption, and other claims.  The Covid-19 coronavirus death toll has passed 1,300 and will likely continue to climb, with more than 60,000 cases reported wo...

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Coronavirus Clouds U.S. Outlook But Economic Impact Should be Modest: S&P

Coronavirus Clouds U.S. Outlook But Economic Impact Should be Modest: S&P

Posted: Feb 12, 2020

The coronavirus outbreak in China is clouding the global outlook and leading to both business caution and potential overall weakness in U.S. growth, according to S&P Global. However, given its limited exposure, the U.S. economy should experience only modest impact. …

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Infectious Disease: A Good Reason to Buy Medical Travel Insurance – But Check the Terms

Posted: Feb 12, 2020

Faced with Covid-19 coronavirus, people – as they tend to during infectious outbreaks – have become concerned about whether and to what extent their insurance will cover costs associated with the event. In the case of travel insurance, there’s good, bad, and ambiguous news. If you contract coron...

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Coronavirus: What Should Insurers Do? by Ross Campbell

Coronavirus: What Should Insurers Do? by Ross Campbell

Posted: Feb 12, 2020

The news of an outbreak in China of a new type of coronavirus (2019-nCoV), leading to respiratory illness, recalls previous potential pandemic infections. Coronavirus was behind SARS (Severe Acute Respiratory Syndrome) in 2002 and MERS (Middle East Respiratory Syndrome) in 2012. The outbreak is bei...

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For businesses suffering from coronavirus losses, insurance may offer a remedy

For businesses suffering from coronavirus losses, insurance may offer a remedy

Posted: Feb 11, 2020

As a hub for international travel and tourism, South Florida businesses are hardly immune from the economic consequences of this epidemic.

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As Coronavirus Fails To Ease, Interest In ‘Force Majeure’

As Coronavirus Fails To Ease, Interest In ‘Force Majeure’

Posted: Feb 11, 2020

With the coronavirus outbreak that originated in Hubei province, China, showing no signs of abating any time soon, some companies that buy and sell goods in the Chinese market are taking interest in the legal defense of “force majeure.” The …

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Thai Insurer Offers First Coronavirus Insurance Policy

Thai Insurer Offers First Coronavirus Insurance Policy

Posted: Feb 10, 2020

The world’s best-performing insurance firm has seized on the latest health concern to offer Thailand’s first policy to cover the novel coronavirus. TQM Corp., with partner Bangkok Insurance Pcl, this week introduced a policy that costs 299 baht ($9.62) and …

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Coronavirus spurs ISO to provide business interruption endorsement

Coronavirus spurs ISO to provide business interruption endorsement

Posted: Feb 10, 2020

Coverage is for loss of business income or extra expenses incurred because the civil authority ordered a closing to prevent the spread of disease.

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