Special Coverage: COVID-19

As Economic Costs of Coronavirus Mount, China Accuses U.S. of Overreacting

As Economic Costs of Coronavirus Mount, China Accuses U.S. of Overreacting

Posted: Feb 03, 2020

The economic and diplomatic costs of China’s coronavirus epidemic mounted on Monday with investors knocking $400 billion off the value of stocks and the government accusing the United States of over-reacting to the outbreak and whipping up panic. The number …

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Is the coronavirus a covered insurance loss?

Is the coronavirus a covered insurance loss?

Posted: Feb 02, 2020

As the virus spreads around the globe, insurers could see claims arising from the health, workers’ compensation, life, travel and general liability sectors.

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Airlines Under Pressure to Halt Flights to China; Update on Cancellations

Airlines Under Pressure to Halt Flights to China; Update on Cancellations

Posted: Jan 31, 2020

Pilots and flight attendants are demanding airlines stop flights to China as health officials declare a global emergency over the rapidly spreading coronavirus, with American Airlines’ pilots filing a lawsuit seeking an immediate halt. China has reported nearly 10,000 cases …

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Global Coronavirus Cases Soar to 10,000 as WHO Declares Health Emergency

Global Coronavirus Cases Soar to 10,000 as WHO Declares Health Emergency

Posted: Jan 31, 2020

The U.K. confirmed its first two cases of coronavirus on Friday, while the U.S. and Japan advised citizens to avoid traveling to China. Singapore suspended visas issued to Chinese citizens. Stocks fell in Europe and Asia as the virus continued …

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Singaporean insurer to cover coronavirus

Singaporean insurer to cover coronavirus

Posted: Jan 31, 2020

Tokio Marine Life Insurance Singapore (TMLS) has launched #goCare to demonstrate its continued commitment to support and care for our policyholders in the fight against the coronavirus. Policyholders with in-force...

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China's car production to fall amid coronavirus fear

Posted: Jan 31, 2020

China's automobile production is set to fall sharply as automakers withdraw staff fearing a coronavirus epidemic.

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Coronavirus outbreak to hurt global film industry

Posted: Jan 30, 2020

The global film industry's box office revenue is expected to take a hit of up to $2 billion as China shutters 70,000 movie screens to limit the spread of coronavirus.

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Business Interruptions Spread Globally as Coronavirus Cases Grow

Business Interruptions Spread Globally as Coronavirus Cases Grow

Posted: Jan 29, 2020

Business Interruptions Spread Globally as Coronavirus Cases Grow Facebook Inc. is restricting employee travel to China, while other big companies including and Nissan Motor Co. and Starbucks Corp. are taking measures to shield employees in areas hardest hit by a ...

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Many Global Firms Face Heavy Coronavirus Costs, Due to Epidemic Cover Exclusions

Many Global Firms Face Heavy Coronavirus Costs, Due to Epidemic Cover Exclusions

Posted: Jan 29, 2020

Many Global Firms Face Heavy Coronavirus Costs, Due to Epidemic Cover Exclusions Many global companies from hotels and airlines to industrial houses are expected to have to foot the bill for disruptions caused by a new coronavirus in China, with epidemics usually excluded from ...

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Many Global Firms Face High Coronavirus Costs Due to Insurance Exclusions

Many Global Firms Face High Coronavirus Costs Due to Insurance Exclusions

Posted: Jan 29, 2020

Many global companies from hotels and airlines to industrial houses are expected to have to foot the bill for disruptions caused by a new coronavirus in China, with epidemics usually excluded from insurance cover, experts said. With 132 deaths in …

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Coronavirus Impact: Growing List of Global Firms Cut Back on China Business Activities

Coronavirus Impact: Growing List of Global Firms Cut Back on China Business Activities

Posted: Jan 29, 2020

Starbucks Corp. has closed more than half of its coffee shops in mainland China — about 2,000 of them — and Toyota Motor Corp. is halting production in the country, as global corporations grapple with a SARS-like coronavirus that has …

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Apple’s China-Centric Supply Chain Braces for Disruption From Coronavirus

Apple’s China-Centric Supply Chain Braces for Disruption From Coronavirus

Posted: Jan 28, 2020

Apple Inc.’s China-centric manufacturing base is at risk of disruption after the Lunar New Year holiday as the company’s partners confront the coronavirus outbreak that has gripped the country and caused more than 100 deaths. Virtually all of the world’s …

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