Latest COVID-19 Headlines
All the headlines from our COVID-19 Topic Page, ordered by recency.
Gig Workers Seeking Coronavirus Unemployment Insurance Frustrated
Apr 3 2020 // Uber and Lyft drivers are hitting a wall in their efforts to apply for the coronavirus jobless benefits promised by Congress as state agencies say they are not ready to handle a class of workers who are totally new to the...
This Insurance Would Have Helped in Coronavirus Crisis But Nobody Bought It
Apr 3 2020 // Like everyone else, Peter Lacovara is coping with COVID-19, working at home to limit contagion to the coronavirus and stay healthy. He’s also plugging away trying to keep businesses healthy, as well. In his role as a...
Fitch Places Lloyd’s of London’s on Rating Watch Negative on COVID-19 Crisis
Apr 3 2020 // Fitch Ratings has placed Lloyd’s of London’s ‘AA-‘ Insurer Financial Strength (IFS) ratings on rating watch negative, on the uncertainty and increased risk to Lloyd’s earnings and underwriting...
Reuters: Banks Cite Liability Risks, May Not Participate in Coronavirus Lending Plan
Apr 2 2020 // Thousands of U.S. banks, including some of the country’s largest lenders, have said they may not participate in the federal government’s small-business rescue program due to concerns about taking on too much...
How Social Inflation May Affect Coronavirus Business Interruption Losses
Apr 2 2020 // COVID-19 could produce a big increase in social inflation, according to A.M. Best. The reason: expectations that businesses will sue their insurers in an attempt to access their business interruption coverage for losses...
Aon Enhances Reinsurer E-Trading Portal to Support Remote Working During Pandemic
Apr 2 2020 // Aon plc, the global re/insurance broker, has enhanced its reinsurer trading portal, ABConnect Placements, to electronically bind treaty placements with Lloyd’s of London and International Underwriting Association...
COVID-19 Pandemic Threatens Gulf Insurers’ Earnings: S&P Report
Apr 2 2020 // The fallout from the coronavirus pandemic and tumbling oil prices threaten the earnings of insurers in the Gulf, S&P Global Ratings said on Wednesday, possibly leading to negative rating actions. “Most insurers...
The National Alliance for Insurance Education & Research Releases Distance-Learning Programs Amid Coronavirus Pandemic
Apr 2 2020 // Austin, TX, April 1, 2020 – The National Alliance for Insurance Education & Research has postponed all classroom programs until May 1 to keep insurance and risk management professionals safe. In response to the...
Alabama Neighborhood Slammed by Twister During Virus Quarantine
Apr 2 2020 // An apparent tornado slammed into an Alabama neighborhood, shattering more than a dozen homes Tuesday while people were hunkered down inside because of the coronavirus outbreak, as storms caused damage from Mississippi to...
Kentucky Coronavirus Worker, Employer Relief Bill Signed by Governor
Apr 2 2020 // Legislation offering relief to workers and employers suffering economic damage from the coronavirus pandemic was signed by Kentucky Gov. Andy Beshear on Monday. The bill was put on the fast track by lawmakers last week as...
Insurers Worry About D&O Claims Against Executives From Coronavirus
Apr 2 2020 // Insurers are increasingly worried about shareholders, employees or customers bringing coronavirus-related claims against company executives and are considering excluding the virus from policies which protect the bosses,...
As Demand Sinks Amid Pandemic, Texas Shale Producers Ask State to Cut Oil Output
Apr 1 2020 // Two Texas oil companies with large footprints in the West Texas oil patch have sent a letter to state regulators formally requesting an emergency meeting to consider reducing oil production as demand for oil around the...
Virus Safety at Forefront in Indiana Tornado Cleanup
Apr 1 2020 // Crews and homeowners cleaning up after a weekend tornado swept a southwestern Indiana town are working under the watchful eye of local officials eager to make sure they adhere to social distancing amid the coronavirus...
New Hampshire Getting Another $147M from Virus Aid Package
Apr 1 2020 // New Hampshire’s getting an additional $147 million from the massive coronavirus aid package signed into law by President Donald Trump, the state’s congressional delegation said Tuesday. Funding will go to...
Next Insurance Cuts April Premium by 25% to Help Small Firms in Coronavirus Crisis
Apr 1 2020 // An insurtech small business insurer is cutting April premiums by 25% for its customers with general liability, professional liability and commercial auto policies to help them get through the coronavirus...
Munich Re Withdraws 2020 Profit Guidance on COVID-19 Uncertainties
Apr 1 2020 // Munich Re is withdrawing its profit guidance of €2.8 billion (3.1 billion) for 2020 as a result of the “great uncertainty” caused by the macroeconomic and financial impacts of COVID-19 in combination with the...
Alabama Issues Industry Guidance on COVID-19, Classifies Insurance as Essential
Apr 1 2020 // Alabama Commissioner of Insurance Jim Ridling has asked insurers writing business in the state to consider leniency and flexibility for policyholders in light of the current coronavirus outbreak, as well as confirmed that...
National Bank of Greece Halts Sale of Ethniki Insurance on COVID-19 Crisis: Sources
Apr 1 2020 // National Bank of Greece SA has halted the sale of its Ethniki Insurance unit after the coronavirus pandemic dashed any lingering hopes of a successful auction, according to people familiar with the matter. In addition to...
What Florida Agents Need to Know During Coronavirus Crisis
Apr 1 2020 // Watch the Full Interview Powered by InsuranceJournal.tv Florida is a catastrophe-prone state when it comes to weather, but the challenges that come from a non weather-catastrophe like the current COVID-19 pandemic bring...
Coronavirus Relief Loans Will Be Available for Small Businesses Friday
Apr 1 2020 // The United States’ new $350 billion small-business coronavirus rescue loan program could see millions of applications when it launches on Friday, senior Trump administration officials said on Tuesday. Officials from...
