Special Coverage: COVID-19

LGA CTO on the Firm’s Innovative Horizon Digital Platform

Posted: Jun 09, 2024

Raju Seetharaman, SVP and CTO, LGA, talks about how Horizon built on the success from Legal & General’s digital innovation in the U.K. and preceded Covid-driven digital innovation by American life insurance carriers.

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Maui Council to Study Impacts of Eliminating 7,000 Vacation Rentals

Posted: Jun 06, 2024

Blue Cleaning, a small business in West Maui that spruces up 27 vacation rentals, survived the sharp decline in tourists during the Covid-19 pandemic and after the devastating Aug. 8 wildfire in Lahaina. But now Leo Szakacs-Kekona, who owns and …

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The $90 Trillion Wealth Transfer

Posted: Jun 03, 2024

The $90 Trillion Wealth Transfer Life & Health sradomski Mon, 06/03/2024 - 12:36 In this month's ITL Focus, we look at how a generational transfer of wealth will transform life insurance and at how to align incentives in health insurance.&n...

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California Supreme Court Resolves Question on Coverage for COVID Business Shutdowns

Posted: May 31, 2024

The California Supreme Court has resolved a question about insurance coverage for COVID-19 business shutdowns in the issue of a virus exclusion in a ruling that is consistent with the vast majority of courts nationwide: the presence of the virus …

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Gone Phishing: How to Avoid Ransomware

Posted: May 28, 2024

Gone Phishing: How to Avoid Ransomware Cyber ClareCarroll1 Tue, 05/28/2024 - 15:14 One financial organization ran a penetration test and found that fully 4% of employees still fall for phishing emails. May 28, 2024...

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Mars Loses Appeal to Undo Dismissal of COVID-19 Business Loss Claims

Posted: May 28, 2024

Petcare, food and candy company Mars Inc. has lost its bid to revive its claims against Factory Mutual Insurance Co. for business interruption losses it incurred during the coronavirus pandemic. The Fourth Circuit Court of Appeals last week upheld the …

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Fewer Top Women Earners in British Finance Services Since Pandemic: Report

Posted: May 28, 2024

Women make up a smaller proportion of top earners in British financial and professional services than before the COVID-19 pandemic, research from the London School of Economics and Political Science (LSE) showed on Monday. Women made up 19.4% of the …

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Fewer Top Women Earners in British Financial Services Since Pandemic: Report

Posted: May 28, 2024

Women make up a smaller proportion of top earners in British financial and professional services than before the COVID-19 pandemic, research from the London School of Economics and Political Science (LSE) showed on Monday. Women made up 19.4% of the …

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Arkansas Steakhouse Cleared in Lawsuit Over Social-Distancing Brawl

Posted: May 24, 2024

LITTLE ROCK, Ark. (AP) — A jury has ruled against a Black couple who sued a Little Rock steakhouse over a fight the couple had with white customers who weren’t wearing masks and stood too close during the COVID-19 pandemic. …

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Massachusetts Appeals Court Upholds Restaurants’ COVID-19 Insurance Denial

Posted: May 21, 2024

In a ruling against an upscale restaurant chain, a Massachusetts Appeals Court has affirmed a state high court 2022 ruling that the COVID-19 virus does not trigger business interruption insurance because it does not cause “direct physical loss or damage.” …

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Tokio Marine’s international business posts 99.8% rise in profit in FY23

Posted: May 20, 2024

Tokio Marine Holdings’ international business has reported a 99.8% increase in profits for 2023, at JPY 436.9 billion, which the company attributes towards a strong underwriting result, as well as investment income, and the reversal of the impact of COVID-19 in Taiwan. North America produced t...

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How to Succeed in the Entertainment Insurance Business: Get creative producing with a small cast of underwriters and limited capacity.

Posted: May 19, 2024

By Andrea Wells Even during the post-pandemic boom in the entertainment industry, when event and live performance venue attendance reached pre-COVID-19 levels, insurance markets in the sector could be difficult. Now, the post-pandemic momentum may be slowing as entertainment businesses …

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Medical Staffing Shortages Will Likely Get Worse Before They Improve—Here’s How to Help

Posted: May 14, 2024

A combination of factors, from COVID-related burnout to early retirements, are contributing to today’s medical staffing shortages. The post Medical Staffing Shortages Will Likely Get Worse Before They Improve—Here’s How to Help appeared first on Risk & Insurance.

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Medical Staffing Shortages Will Likely Get Worse Before They Improve — Here’s How to Help

Posted: May 14, 2024

A combination of factors, from COVID-related burnout to early retirements, are contributing to today’s medical staffing shortages. The post Medical Staffing Shortages Will Likely Get Worse Before They Improve — Here’s How to Help appeared first on Risk & Insurance.

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COVID-19 Can Be Occupational Disease Under Colorado Workers’ Compensation Act: Court

Posted: May 10, 2024

Colorado ruling establishes that COVID-19 can be considered an occupational disease under certain circumstances The post COVID-19 Can Be Occupational Disease Under Colorado Workers’ Compensation Act: Court appeared first on Risk & Insurance.

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Vendor That Mishandled Pennsylvania Virus Data to Pay $2.7M in Whistleblower Case

Posted: May 09, 2024

A large staffing firm that performed COVID-19 contact tracing for Pennsylvania and exposed the private medical information of about 72,000 residents will pay $2.7 million in a settlement with the Justice Department and a company whistleblower, federal prosecutors announced Wednesday. …

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COVID-19 Can Be Occupational Disease, Colorado Court Says in Worker Death Case

Posted: May 09, 2024

For the first time, a Colorado appellate court has concluded that COVID-19 can be an occupational disease that is compensable under the state’s Workers’ Compensation Act. The Colorado Court of Appeals ruling came in a case in which Life Care …

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