coronavirus impact News

In Volatile Times, Willis Towers Watson Deal ‘More Important Than Ever:’ Aon CEO Case

Aon reaffirmed its commitment to the acquisition of Willis Towers Watson in a report of its first quarter results. “Our Aon United Strategy and pending combination with Willis Towers Watson are more important than ever as we focus on accelerating …

Willis Towers Watson Withdraws 2020 Target on COVID-19 Crisis; Q1 Revenues Up 7%

Willis Towers Watson is withdrawing its 2020 guidance due to the uncertainties caused by the COVID-19 pandemic. The broker said it will re-assess the guidance once it has a clearer understanding of the depth, duration, and geographic reach of the …

Floods Hit Canada’s Oil Sands Hub in Fort McMurray, Forcing Some Evacuations

Floods have forced mandatory evacuations in parts of Fort McMurray, the hub for Canada’s oil sands industry, even as the province of Alberta tries to stem the spread of the coronavirus. The Regional Municipality of Wood Buffalo, which includes Fort …

6 Ways Insurance Brokers Can Be a Resource to Clients During COVID-19 Crisis

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 future developments. At the same time, they …

Aon Executives, 70% of Employees Taking Pay Cuts Amid Coronavirus Uncertainties

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, while approximately 30% …

French Court Keeps Limits in Place for Amazon Deliveries, in Victory for Its Workers

A French court on Friday rejected Amazon‘s appeal against a ruling that restricts what it can deliver during the coronavirus crisis, handing a victory to unions which had criticized the U.S. e-commerce giant’s safety measures. Amazon must limit deliveries in …

Reinsurance Rendez-Vous de Septembre Canceled due to Coronavirus Crisis

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 leading players in the …

China Slams Coronavirus Lawsuit Brought by Missouri as ‘Very Absurd’

China on Wednesday slammed a lawsuit brought against it by the U.S. state of Missouri over the coronavirus pandemic as “very absurd.” Foreign ministry spokesman Geng Shuang said the legal action has “no factual and legal basis at all” and …

Conspiracy Theorists Set Fire to Europe’s 5G Network Towers, Claiming Link to COVID-19

The CCTV footage from a Dutch business park shows a man in a black cap pouring the contents of a white container at the base of a cellular radio tower. Flames burst out as the man jogs back to his …

Ferrari Provides Coronavirus Tests so Employees Can Return to Work

Workers at Ferrari are signing up en masse for voluntary coronavirus screening so they can return to work as soon as possible in an ambitious scheme that could serve as a blueprint for manufacturers desperate to resume production. Under its …