Latest COVID-19 Headlines
All the headlines from our COVID-19 Topic Page, ordered by recency.
AIG Takes Hit from Coronavirus in Q1; Sees Industry’s ‘Biggest CAT Loss Ever’ Ahead
May 5 2020 // Insurer American International Group Inc. on Monday posted a 93% drop in quarterly adjusted profit, as it set aside money to cover claims related to the COVID-19 outbreak, which it called the single largest catastrophe...
Insurers’ Loss Estimates Linked to Coronavirus Range Widely: Analysis
May 5 2020 // Insurers are normally great with numbers. But the coronavirus pandemic has them struggling to estimate how many billions of dollars in losses they face, and what the fallout will be for their massive investment...
EEOC Complaint: Florida ICU Nurse Denied Rental Because of Virus Concerns
May 5 2020 // A Florida nurse filed an equal opportunity complaint alleging her condo rental application was denied because her ICU job brings her in contact with novel coronavirus patients. Jennifer Piraino said she submitted an...
AM Best Places Watford Re’s Ratings Under Review on COVID-19-Related Investment Hit
May 4 2020 // AM Best has placed under review with negative implications the Financial Strength Rating of “A-” (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of Bermuda-based Watford...
Berkshire Discloses Q1 Insurance Results; Buffett Talks Coronavirus Impact
May 4 2020 // Berkshire Hathaway’s property/casualty insurance and reinsurance businesses reported a first quarter underwriting profit of $747 million before taxes, nearly double the pretax underwriting profit of $377 million...
Delaware Auto Insurers Issue Rebates, Reduce Rates During Coronavirus Pandemic
May 4 2020 // The Delaware Department of Insurance has announced that many consumer-friendly automobile insurer actions are being implemented due to reduced vehicle use throughout the COVID-19 pandemic. As filed with the department,...
Maryland Insurance Administration Warns Against COVID-19 Insurance Scams
May 4 2020 // Maryland Insurance Commissioner Al Redmer Jr. has warned consumers to watch for insurance scams related to the COVID-19 pandemic. Reports of pandemic-related fraud are increasing around the country, according to a press...
Senators Seek to Address Privacy Concerns Over Tech Firms’ Covid-19 Contact Tracing
May 4 2020 // A group of Republican U.S. senators said Thursday they would introduce legislation to address consumer privacy concerns surrounding technology companies’ efforts to help build contact tracing apps to fight the new...
Gallagher Releases Pandemic Group Insurance Product for India’s Front-Line Workforce
May 4 2020 // International insurance broker Gallagher announced the release of a Pandemic Group Insurance product, providing a comprehensive COVID-19 indemnity cover solution to the India market. For essential workers and front-line...
MedRisk Adds COVID-19 Screening Component to PTConsult
May 4 2020 // King of Prussia, PA, April 28, 2020 – Although physical therapy clinics are considered essential businesses, some workers’ compensation patients hesitate to start or continue physical therapy during the COVID-19...
Midwest Insurers AmeriTrust, Grange Unveil COVID-19 Relief for Businesses
May 4 2020 // Grange Insurance Co., based in Columbus, Ohio, and AmeriTrust Group Inc. in Southfield, Michigan, are offering relief plans to business insurance customers in response to the COVID-19 pandemic. Grange Insurance has...
The Hartford Reports Q1 Net Income Drop; Minor Coronavirus Impact Thus Far
May 4 2020 // The Hartford’s 2020 first-quarter numbers are yet another example of the coronavirus pandemic not yet affecting underwriting results in a major way. But net income took a big hit. First-quarter net income came in at...
S&P Expects States to Lose Bids to Mandate Coronavirus Business Interruption Coverage
May 4 2020 // Standard & Poor’s said it does not expect state legislators to succeed in their efforts to retroactively expand business interruption insurance coverage for COVID-19-related losses. The reason: An expectations of...
Texas Insurance Commissioner: Modernization Efforts Paying Off During Pandemic
May 4 2020 // The employees of the state agency in charge of regulating the insurance industry in Texas might not put it this way, but in a sense, operationally at least, they have been preparing for the current health crisis brought on...
Florida Directs Workers’ Comp Insurers to Comply with COVID-19 Treatment Order
May 4 2020 // The Florida Office of Insurance Regulation has issued an informational memorandum to all insurers and entities authorized to write workers’ compensation insurance providing guidance on the treatment of policyholders...
Washington Extends Emergency Order Waiving Deductibles And Copays for Coronavirus Tests
May 1 2020 // Washington Insurance Commissioner Mike Kreidler extended his emergency order to Washington health insurers for 30 days, requiring them to waive copays and deductibles for any consumer requiring testing for...
Updated: Insurance Premium Discounts, Other Relief Offered During Coronavirus Crisis
May 1 2020 // The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers. Most...
Coronavirus Cases Surge in Reopened Colorado Beef Plant, Worker Dies
May 1 2020 // COVID-19 cases at a JBS meatpacking plant in Colorado have more than doubled “in a number of days” and a sixth employee died of the virus, a union official said on Thursday, underscoring the risks of U.S. meat...
Pinnacol Donates $1.8M to COVID-19 Funds for Colorado Businesses, Workers
May 1 2020 // Pinnacol Assurance donated nearly $2 million to an array of funds that support businesses and workers in Colorado impacted by the COVID-19 pandemic. Through its philanthropic giving program, Pinnacol donated the following...
Willis Towers Watson Withdraws 2020 Target on COVID-19 Crisis; Q1 Revenues Up 7%
May 1 2020 // Willis Towers Watson is withdrawing its 2020 guidance due to the uncertainties caused by the COVID-19 pandemic. The broker said it will re-assess the guidance once it has a clearer understanding of the depth, duration, and...
