business shutdowns News

Impact of Coronavirus on U.S. Economy Could Be $3-$5 Trillion Over 2 Years: USC Study

The COVID-19 pandemic could result in net losses from $3.2 trillion and up to $4.8 trillion in U.S. real gross domestic product (GDP) over the course of two years, a new University of Southern California (USC) study finds. The pandemic’s …

Baltimore Mayor Says City Not Ready for Third Phase of Reopening

Baltimore’s mayor said that the city won’t immediately follow some other parts of the state into the third phase of its coronavirus recovery plan. “We do not want to erase the gains we’ve made over the past month,” Mayor Bernard …

Governor Hogan Says All Maryland Businesses Can Open Friday

All businesses in Maryland will be able to open later this week as the state enters the third phase of its coronavirus recovery plan, Governor Larry Hogan announced Tuesday. Movie theaters and performing arts centers will be able to open …

Maryland Moves into Phase Two of Coronavirus Reopening Plan

Maryland further eased restrictions imposed to stop the spread of the coronavirus by allowing businesses to reopen Friday, but some of the state’s largest jurisdictions are waiting to enter Phase 2 of the state’s reopening plan. Governor Larry Hogan announced …

Massachusetts Division of Insurance Urges Carrier Flexibility with Vacancy Provisions

The Massachusetts Division of Insurance has notified all property and casualty insurance carriers in the state that they are expected to take steps to preserve insurance coverage for businesses ordered to shut down due to the coronavirus crisis. “Insurance coverage …

Pennsylvania Governor Wolf Retrenches on Sweeping Order Amid Complaints, Lawsuits

Under fire from business groups and Republican lawmakers and facing lawsuits over a broad shutdown order designed to slow the spreading of the coronavirus, Pennsylvania Governor Tom Wolf’s administration defended its actions as critical to preventing hospitals from being overwhelmed, …