Latest COVID-19 Headlines
All the headlines from our COVID-19 Topic Page, ordered by recency.
Cruise Ship Passengers Seeking COVID-19 Class Action Suits Face Uphill Legal Battle
Apr 29 2020 // After two passengers on their luxury cruise tested positive for Covid-19 in March, Emilio and Barbara Hernandez were so frantic to get off the ship, they wrote a note to the captain. The Costa Luminosa sailed on with them...
How Coronavirus Shutdown Impacts Bayer Stance in Glyphosate Settlement
Apr 29 2020 // Bayer said the economic downturn and the need to preserve cash means it is taking a tougher stance in talks to settle claims over accusations that its glyphosate-based weedkillers cause cancer, even as its earnings...
Many Tennessee Restaurants Get Green Light to Reopen Despite Virus Spread
Apr 29 2020 // Most of Tennessee’s restaurants were given the green light to allow dine-in service once again Monday as part of Gov. Bill Lee’s directive to begin reopening the state’s economy that had been largely...
Liberty Mutual Estimates Q1 Loss from Coronavirus to Be Like Moderate Catastrophe
Apr 28 2020 // Global insurer Liberty Mutual said the COVID-19 pandemic is likely to have the most impact on its first quarter investment portfolio results, with its business in trade credit, general liability, workers compensation, and...
Brown & Brown Reports Q1 Revenue Up; Takes Steps to Anticipate Coronavirus Impact
Apr 28 2020 // Insurance agency Brown & Brown saw revenues and net income increase in the first quarter, even after accounting for expected lower revenues on existing employee benefits and workers’ compensation policies and...
Analysis: Insurers Feel Rising Legal Heat for COVID-19 Business Interruption Exclusions
Apr 28 2020 // Daniel Duckett, owner of the Lazy Claire patisserie in Belfast, was hoping for an insurance payout of up to 100,000 pounds ($123,460.00) to cover losses during the coronavirus lockdown. Now he fears for the future as he...
Inside Connecticut’s ‘Ground War’ Against Coronavirus at Nursing Homes
Apr 28 2020 // On Main Street in Bridgeport, Connecticut, across the road from a hospital grappling with the coronavirus crisis, a nondescript brick building is playing a key role in the state’s plan to free up acute-care beds and...
6 Ways Insurance Brokers Can Be a Resource to Clients During COVID-19 Crisis
Apr 28 2020 // Risk managers at companies of all kinds have been forced to rapidly evaluate how the coronavirus pandemic is affecting their businesses. They’ve had to react quickly with limited information while trying to forecast...
Employers Hope to Limit Liability by Catching Social Distancing Scofflaws on Video
Apr 28 2020 // Stores and workplaces eager to avoid spreading the novel coronavirus are equipping existing security cameras with artificial intelligence software that can track compliance with health guidelines including social...
AXIS Capital Estimates $235 Million of Coronavirus-Related Claims During First Quarter
Apr 27 2020 // AXIS Capital Holdings Ltd. announced an estimated net claims provision of $300 million, pre-tax, for the first quarter related to catastrophe and other weather-related events. This amount includes estimated pre-tax claims...
Aon Executives, 70% of Employees Taking Pay Cuts Amid Coronavirus Uncertainties
Apr 27 2020 // Aon announced it will temporarily cut the pay by 50% of the company’s named executive officers in response to the COVID-19 crisis. In addition, 70% of its global workforce will see a 20% reduction in their salaries,...
Coronavirus Business Interruption Insurance Claimants Seek to Consolidate Lawsuits
Apr 27 2020 // Two groups of plaintiffs — one in Philadelphia, the other in Chicago — are asking federal courts to consolidate lawsuits filed by businesses that are seeking coverage for business-interruption losses they claim are...
UK Insurers Urged by Treasury Committee to Pay Coronavirus Claims
Apr 27 2020 // Insurers need to pay out on more claims related to the coronavirus pandemic, according to the head of the UK parliamentary committee that oversees the financial industry. “We are concerned that the insurance sector...
UK Insurers Expected to Pay $1.5B in Coronavirus Claims: Association of British Insurers
Apr 27 2020 // British insurers are on the hook for more than 1.2 billion pounds ($1.5 billion) in claims from businesses and individuals hit by the coronavirus pandemic, according to the industry’s trade body. Initial estimates...
How Chubb Is Navigating Coronavirus and Its Impact on Growth
Apr 27 2020 // Chubb Chairman and CEO Evan Greenberg insists his global P/C insurer has strong fundamentals, but warned at the same time that the ongoing pandemic crisis will spur unpredictable revenue challenges affecting many lines of...
U.S. Issues New Coronavirus Safety Guidance for Meat, Poultry Plants
Apr 27 2020 // The U.S. Labor Department issued new guidelines on Sunday for U.S. meatpacking and meat-processing plants that have seen a rash of coronavirus outbreaks, saying employees should be spaced at least 6 feet (1.8 m) apart and...
Employees Go Back to Work and Get Covid-19. What’s the Liability Picture?: Opinion
Apr 27 2020 // If America is going to restart its economy, at whatever pace, it needs to think about a major roadblock: liability from Covid-19. If a university or workplace reopens, and some employees or students get sick, should they...
The Concord Group Announces Plan to Return $2.4M to Policyholders During Pandemic
Apr 24 2020 // The Concord Group Insurance Companies has announced a plan to deliver $2,400,000 in return premium and expand several underwriting guidelines and coverage limits to its more than 150,000 policyholders throughout the four...
Pennsylvania Outlines Temporary Licensure Process for Insurers During COVID-19
Apr 24 2020 // The Pennsylvania Insurance Department has submitted a notice to all state insurance companies and agencies outlining the process for issuing temporary licenses for Pennsylvania resident insurance producers during the...
Reinsurance Rendez-Vous de Septembre Canceled due to Coronavirus Crisis
Apr 24 2020 // The 64th Rendez-Vous de Septembre (RVS) in Monaco, which was scheduled to be held Sept. 12-17, has been cancelled due to the uncertainties linked to the coronavirus pandemic. For 63 years, the RVS has brought together...
