Latest COVID-19 Headlines
All the headlines from our COVID-19 Topic Page, ordered by recency.
AM Best to Test Insurers for Coronavirus Impact; Fitch Lowers Allstate Outlook
Mar 18 2020 // Ratings firm AM Best said it is developing stress testing that it will conduct on its rated insurance companies’ balance sheets to gauge the impact of the COVID-19 virus fallout on their risk-adjusted capital levels,...
Governor Wolf Orders COVID-19 Shutdown Across Pennsylvania
Mar 18 2020 // Pennsylvania Governor Tom Wolf extended a shutdown order Monday to the entire state of Pennsylvania in an effort to halt the spread of the coronavirus, although he also maintained that he will not send the National Guard...
Lloyd’s Asks Market Insurers to Provide Estimates for Coronavirus Losses
Mar 18 2020 // Lloyd’s of London has asked its member firms to provide estimates of their potential current and final losses from coronavirus, a spokesman said on Tuesday, to help the insurance market understand its possible...
Florida Regulator Directs Insurers to Prepare for Coronavirus-Related Interruptions
Mar 18 2020 // The Florida Office of Insurance Regulation (OIR) is directing all insurers to review and update their business continuity and/or continuity of operations plans in light of the current outbreak of coronavirus strain...
Investor Suit Alleges Pharma Company Made False Claim of COVID-19 Vaccine
Mar 18 2020 // Pennsylvania-based Inovio Pharmaceuticals is the target of a planned class action lawsuit alleging it falsely claimed it has developed a vaccine for COVID-19 that would go into testing as soon as next month. But the...
Uber, Lyft to Halt Shared Rides to Help Limit Coronavirus Spread
Mar 17 2020 // Uber Technologies Inc. and Lyft Inc. Tuesday began suspending shared rides on their ride-hailing platforms in the United States and Canada to limit the spread of the coronavirus. The pooled option, which allows riders to...
EU Regulators Ask Firms to Delay M&A Antitrust Filings Due to Coronavirus
Mar 17 2020 // European Union regulators have asked companies seeking to complete their desired mergers to delay submitting antitrust filings due to the coronavirus outbreak. That could affect the timelines of agreed deals. Among the...
Most British Companies Don’t Have Insurance for Coronavirus Closures: ABI
Mar 17 2020 // Most companies in Britain don’t have insurance cover for closures caused by the coronavirus outbreak, the Association of British Insurers said on Tuesday. The government recommended on Monday that people avoid...
Florida Clears Insurance Agency Reps to Work Remotely Amid Coronavirus
Mar 17 2020 // Florida’s state of emergency due to the rapid spread of coronavirus in the state, and throughout the country, has created a need for many workers to work remotely. However, certain licensed insurance employees were...
Watch Out for Virus-Tied Cyber Attacks on Remote Workers, Warns Tech Professor
Mar 17 2020 // The heightened fear and anxiety that COVID-19 is causing people worldwide brings vulnerable targets for cyber hackers. “We are living in a heightened time of cyber risk. Cyber criminals will take advantage of public...
Virus Impact on Workers’ Compensation Limited But Some Workers May Be Covered
Mar 17 2020 // The outbreak of coronavirus has already resulted in some workers’ compensation claims and more are expected. But whether those claims are going to succeed depends on the individual circumstances and the state where...
Update: Florida Bans Nursing Home Visits as Coronavirus Spreads
Mar 16 2020 // Gov. Ron DeSantis on Saturday banned most visits to nursing homes statewide as he acknowledged the coronavirus has likely spread into the general population. Meanwhile, officials closed world-famous South Beach to prevent...
Workers at High Risk for Coronavirus Exposure and How to Protect Them
Mar 16 2020 // According to the Occupational Safety and Health Administration (OSHA), which is responsible for workplace safety regulations, certain workers are at higher risk than others for exposure to the coronavirus and the disease...
Unions, Groups Want OSHA to Require Steps to Protect Coronavirus Workers
Mar 16 2020 // Nearly 30 unions and advocacy groups on Friday urged the U.S. employee safety regulator to impose a suite of emergency measures to safeguard public-facing workers against the new coronavirus. In a letter, the groups asked...
Europe’s Soccer Clubs May Face $1B Bill if Coronavirus Forces Season Cancellation
Mar 16 2020 // If the coronavirus forces Europe’s soccer leagues to cancel the rest of the season, TV networks may be able to demand more than $1 billion in compensation. The move to suspend international games and competitions in...
Insurer Closed Missouri Office for 1 Day After Likely Employee Contact with Virus
Mar 15 2020 // Last Friday, American Family Insurance Co. closed a regional office out of concern that an employee may have been exposed to an airline passenger on a March 4 domestic flight who later tested positive for...
Lloyd’s Market Association to Close Office in Response to COVID-19
Mar 13 2020 // The Lloyd’s Market Association (LMA) is closing its office from Tuesday March 17 until the end of March in response to the COVID-19 outbreak. While its “Work From Home Business Continuity Plan” is...
Not All Workers Have Same Options for Avoiding Virus
Mar 13 2020 // A barber in Beijing is supporting his wife and child by charging food and other expenses to a credit card while he waits for his employer’s shop to reopen. A waiter at a barbecue restaurant in Kansas City, Missouri,...
Italian Companies, Including Generali, to Provide Funds for Coronavirus Crisis
Mar 13 2020 // Italy’s biggest insurer, Generali, on Friday joined a growing number of companies that have rushed to provide funds to hospitals and non-profit organizations to fight the coronavirus crisis. Italy has been hardest...
Coronavirus Drives Patients to Online Doctors, Spurring Telemedicine Sector
Mar 13 2020 // The new coronavirus that’s forcing lockdowns and roiling economies is spurring a silent revolution in the field of telemedicine. As COVID-19 spreads across Europe, leaving new patients in its wake, the fear of...
