Special Coverage: COVID-19

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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Coronavirus Cases Outside China “Could be Spark” for Bigger Fire, Says WHO

Coronavirus Cases Outside China “Could be Spark” for Bigger Fire, Says WHO

Posted: Feb 10, 2020

BEIJING/GENEVA — The World Health Organization (WHO) said on Monday the spread of coronavirus cases which had no history of travel to China could be “the spark that becomes a bigger fire” as people across China trickled back to work …

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Coronavirus Update: Deaths Surpass 900; World Health Experts Head to Beijing

Coronavirus Update: Deaths Surpass 900; World Health Experts Head to Beijing

Posted: Feb 10, 2020

BEIJING, Feb 10 — An advance team of international experts led by the World Health Organization (WHO) has left for Beijing to help investigate China’s coronavirus epidemic, which authorities said on Monday had now claimed 908 lives on the mainland. …

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Coronavirus Hits Trade Fairs, Industry Conferences

Coronavirus Hits Trade Fairs, Industry Conferences

Posted: Feb 07, 2020

Feb 7 (Reuters) – Over two dozen large trade fairs and industry conferences in China and overseas have been postponed or hit by travel curbs and concerns about the spread of a coronavirus, potentially disrupting billions of dollars worth of …

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China’s Coronavirus Deaths, Rise; Supply Chains, Production, Travel Disrupted

China’s Coronavirus Deaths, Rise; Supply Chains, Production, Travel Disrupted

Posted: Feb 07, 2020

WUHAN, CHINA– China’s fast-moving coronavirus spread among passengers of a quarantined Japanese cruise liner on Thursday and dragged down production at more global businesses, as scientists across the world searched for a vaccine. The death toll from the virus in …

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Thai Broker TQM, Insurer Are First to Roll Out Thai Coronavirus Policy

Thai Broker TQM, Insurer Are First to Roll Out Thai Coronavirus Policy

Posted: Feb 07, 2020

Thai Broker TQM, Insurer Are First to Roll Out Thai Coronavirus Policy 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 ...

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Hong Kong Insurers Say Sales Have Fallen to ‘Almost Nothing’ Due to Coronavirus

Hong Kong Insurers Say Sales Have Fallen to ‘Almost Nothing’ Due to Coronavirus

Posted: Feb 07, 2020

For Hong Kong insurers, the coronavirus outbreak is a second blow. Already reeling from at-times violent demonstrations that slowed the flood of Chinese travelers — one of the biggest sources of new policyholders — to a trickle, the spread of …

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Travel Interrupted: Thousands Stranded Globally by China Bans

Travel Interrupted: Thousands Stranded Globally by China Bans

Posted: Feb 06, 2020

Travel Interrupted: Thousands Stranded Globally by China Bans China's coronavirus outbreak has triggered an unprecedented clampdown on travel to and from the world's second-largest economy, leaving thousands of people stranded across the globe and dealing a ...

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China’s Coronavirus Deaths, Infections Rise; Supply Chains, Production, Travel Disrupted

China’s Coronavirus Deaths, Infections Rise; Supply Chains, Production, Travel Disrupted

Posted: Feb 06, 2020

China’s fast-moving coronavirus spread among passengers of a quarantined Japanese cruise liner on Thursday and dragged down production at more global businesses, as scientists across the world searched for a vaccine. The death toll from the virus in mainland China …

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Chubb CEO Greenberg Predicts ‘Modest’ Coronavirus Impact for Now

Chubb CEO Greenberg Predicts ‘Modest’ Coronavirus Impact for Now

Posted: Feb 05, 2020

Chubb CEO Greenberg Predicts ‘Modest’ Coronavirus Impact for Now Chubb Chairman and CEO Evan Greenberg said he expects the insurer—at least for now—to experience only modest impact from the coronavirus tearing through China and around the world. The fast ...

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How Can I Keep My Employees Safe from the Coronavirus?

How Can I Keep My Employees Safe from the Coronavirus?

Posted: Feb 05, 2020

New reports covering  coronavirus reveal a situation that is changing daily and that businesses, especially those with work, travel or operations in or near the epicenter of Wuhan, China, need to follow closely. As of early February, the number of dead reported from the virus was nearly 500, with al...

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Roundup: Nations Stepping Up Scrutiny of Vessels, Trains Shipping from China

Roundup: Nations Stepping Up Scrutiny of Vessels, Trains Shipping from China

Posted: Feb 05, 2020

Vessels and trains coming from China are in focus as nations take steps to halt the spread of a deadly coronavirus that originated in the world’s second-biggest economy. Here’s a roundup of some of the latest efforts by authorities globally, …

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Marsh: Organizations need to be ‘proactive’ as coronavirus spreads

Marsh: Organizations need to be ‘proactive’ as coronavirus spreads

Posted: Feb 05, 2020

Marsh expert outlines key policies companies should have in place

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The Latest Launches From Chubb and Lemonade

The Latest Launches From Chubb and Lemonade

Posted: Feb 04, 2020

The Latest Launches From Chubb and Lemonade Chubb has rolled out insurance cover designed to bridge gaps in traditional terrorism business interruption policies. Lemonade plans to debut pet insurance designed for cats and dogs. Chubb’s Q4 Soars With Strong P/C Premium Gains Chubb has plenty to celeb...

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Coronavirus Will Cause Limited Losses in China’s P/C Insurance Market: A.M. Best

Coronavirus Will Cause Limited Losses in China’s P/C Insurance Market: A.M. Best

Posted: Feb 04, 2020

Coronavirus Will Cause Limited Losses in China’s P/C Insurance Market: A.M. Best Rating firm AM Best said it expects that China's non-life insurance market will experience limited losses from the ongoing coronavirus outbreak. The analysts based their outlook on factors including ...

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Update: Airline Flight Cancellations Due to Coronavirus

Update: Airline Flight Cancellations Due to Coronavirus

Posted: Feb 04, 2020

Feb 4 – Airlines are suspending flights to China in the wake of the new coronavirus outbreak. Here is the latest on their plans (in alphabetical order): AIR CANADA Air Canada said on Jan. 28 it was canceling select flights …

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Coronavirus Tests China’s Work-From-Home Capabilities

Coronavirus Tests China’s Work-From-Home Capabilities

Posted: Feb 04, 2020

Thanks to the coronavirus outbreak, working from home is no longer a privilege, it’s a necessity. While factories, shops, hotels and restaurants are warning about plunging foot traffic that is transforming city centers into ghost towns, behind the closed doors …

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