Latest COVID-19 Headlines
All the headlines from our COVID-19 Topic Page, ordered by recency.
Munich Re’s Q2 Net Profit Slumps 42% on COVID-Related Losses
Aug 6 2020 // German reinsurance group Munich Re posted a 42% decline in second-quarter net profit, with around 700 million euros ($832 million) in losses related to the coronavirus pandemic in the period. The company, which had already...
Insurer AXA, With H1 Net Income Down 40%, Warns of Future COVID-19 Shocks
Aug 6 2020 // AXA SA’s profit sank in the first half as it booked a 1.5 billion-euro ($1.8 billion) charge for claims related to COVID-19 and warned of further shocks from the pandemic. The French insurer saw net income fall 39%...
AIG’s Zaffino Sees COVID-19 Creating Beneficial ‘Flight to Quality’
Aug 6 2020 // AIG President and Chief Operating Officer Peter Zaffino said that the insurer has seen accelerated rate improvements and other gains as clients react to the ongoing COVID-19 pandemic. “We believe that COVID has...
Liberty Mutual Reports Q2 Loss on COVID-19 Event Cancellations, Storms, Downturn
Aug 6 2020 // Liberty Mutual Holding Co. reported a net loss of $320 million for the second quarter versus net income of $397 million for the same quarter last year. The loss reflected the impact of COVID-19, catastrophes and the...
Tennessee Gov Calls Special Session to Address COVID-19 Liability
Aug 5 2020 // Gov. Bill Lee on Monday announced he’s calling lawmakers back to the Capitol to address legislation that would provide health care providers, schools and businesses broad protections against coronavirus lawsuits. Lee...
New York City Erects Quarantine Checkpoints to Curb Coronavirus
Aug 5 2020 // New York City will put up COVID-19 quarantine checkpoints at key entry points to ensure that incoming travelers from 35 states with outbreaks comply with the state’s 14-day quarantine mandate, Mayor Bill de Blasio...
Virus Cases Grow by 377 in Oklahoma, More Deaths
Aug 5 2020 // Oklahoma’s reported coronavirus cases rose by 377, and the state added another death due to the illness caused by the virus, the Oklahoma State Department of Health said. Oklahoma has confirmed 38,602 cases of...
Nevada Governor Rolling out County-By-County Virus Response
Aug 5 2020 // Nevada will shift this week from broad restrictions in response to the coronavirus to an ongoing, county-by-county review where officials hope to target hot spots and specific businesses where the virus is spreading. Gov....
Arizona Reports 1,030 More Virus Cases, 14 More Deaths
Aug 5 2020 // Arizona health officials have reported 1,030 new cases of the coronavirus and 14 more deaths. The Arizona Department of Health Services has recorded 179,497 confirmed cases of COVID-19 in the state since the pandemic...
AIG’s Coronavirus Hits Include Travel, Workers’ Comp, Property, Trade Credit Lines
Aug 5 2020 // Insurer American International Group Inc. racked up $730 million in COVID-19-related losses during the first half of the year, its chief executive officer said on Tuesday. The pandemic is a “formidable and ongoing...
Allianz’ Net Profit Drops 29% in 2nd Quarter Amid COVID-19 Crisis
Aug 5 2020 // German insurer on Wednesday posted a 29% fall in net profit in the second quarter from a year earlier and shied away from updating its full-year profit guidance as the coronavirus pandemic slows business and clouds the...
How the Pandemic May Change ‘Work-Life Balance’ Forever
Aug 5 2020 // When it comes to helping employees balance work hours with relaxation, Acuity Insurance Chief Executive Officer Ben Salzmann has a unique tool at his disposal: a 65-foot Ferris wheel. Before the pandemic struck, Salzmann...
Louisiana Prepares to Resume Movie, TV Filming Amid Pandemic
Aug 4 2020 // Louisiana released coronavirus safety guidelines for movie and TV productions this week, as filming is expected to start returning to the virus outbreak hot spot this month. The safety rules – issued by the Louisiana...
California Governor Cautiously Upbeat About Coronavirus Numbers
Aug 4 2020 // California appears to be getting a grip on a resurgence of the coronavirus, Gov. Gavin Newsom said this week, though he warned the state is a long way from reopening some of the businesses it shuttered for a second time...
698 Louisiana Businesses Cited for Violating COVID-19 Rules
Aug 4 2020 // Nearly 700 restaurants, bars and businesses in Louisiana were cited in July for violating the governor’s coronavirus restrictions, according to records from the State Fire Marshal’s Office. The businesses...
UK Insurer Direct Line’s H1 Profits Beat Forecasts as Auto Claims Drop During Lockdown
Aug 4 2020 // Insurer Direct Line gave a double bonus to shareholders on Tuesday as first-half profits beat expectations due to a slump in motor claims as Britons drove less during the coronavirus lockdown. Britain’s biggest car...
Aviation Sector Carries Biggest Risk of Corporate Default from Pandemic: Gallagher
Aug 4 2020 // The aviation sector carries the biggest risk of corporate default as a result of the coronavirus pandemic, according to a survey of insurers published by broker Gallagher on Tuesday. Only 29% of credit and political risk...
UK Regulator Warns Insurers to Fairly Calculate COVID-Related Biz Interruption Claims
Aug 4 2020 // Insurers that do not treat customers fairly when calculating payouts for business interruption due to the coronavirus crisis will face action by Britain’s markets watchdog. The Financial Conduct Authority (FCA) has...
Judge Voids Parts of Trump Labor Rule Limiting Coronavirus Sick Leave Eligibility
Aug 4 2020 // A U.S. judge on Monday voided parts of a Trump administration rule that restricted paid sick leave and emergency family leave for potentially millions of workers affected by the coronavirus. Ruling in a case brought by New...
New Mexico Reports 210 More Coronavirus Cases, 9 Deaths
Aug 3 2020 // The number of confirmed coronavirus cases in New Mexico increased by 210 and deaths by nine on Saturday, state health officials reported. The deaths included three residents of Bernalillo County, two in Dona Ana County,...
