Beazley, the Lloyd’s specialist insurer, announced it raised £247 million (approximately $300 million) in capital via an equity placement designed to strengthen its balance sheet as a result of the continuing uncertainty created by the COVID-19 crisis. During the first …
The daughter of a woman who died after contracting the coronavirus at a Portland long-term care facility filed a $1.8 million lawsuit Thursday claiming elder abuse. Angela Brown says her 75-year-old mother, Judith Jones, contracted coronavirus and died because of …
Property/casualty insurance carrier groups are developing a proposal for a federal program to replace revenues lost by businesses shut down during pandemics like COVID-19, but their program won’t be modeled after the Terrorism Risk Insurance Act as some have urged. …
Risk managers expect a prolonged global recession as a result of the coronavirus pandemic, a report by the World Economic Forum showed on Tuesday. Two-thirds of the 347 respondents to the survey – carried out in response to the outbreak …
A poultry producer is temporarily closing a North Carolina plant for cleaning amid the COVID-19 outbreak. Tyson Foods spokesman Derek Burleson said in an email one of two fresh meat plants at its Wilkesboro complex was closed from Thursday to …
In the wake of government orders shutting down or seriously limiting the operations of businesses to deal with the COVID-19 outbreak, many affected businesses have turned to their insurers for coverage. This has led to a flurry of lawsuits across …
U.S. employers have cooled to the idea of testing workers for possible immunity to the coronavirus as they prepare to reopen factories and other workplaces. Blood tests that check for antibodies to the new coronavirus have been touted by governments …
The U.S. Department of Labor last Thursday issued its first workplace guidance to nursing homes since the COVID-19 pandemic swept the country and ravaged care facilities, saying residents, staff and visitors should keep 6 feet (1.83 meters) apart. The alert …
Amazon’s French warehouses are set to reopen on Tuesday with about 30% of employees, three union officials said, ending a month-long dispute over whether the e-commerce giant was doing enough to protect workers from the coronavirus pandemic. The U.S. retailer’s …
North Dakota Insurance Commissioner Jon Godfread has issued a bulletin addressing coverage for COVID-19 testing in response to an executive order from Gov. Doug Burgum. The new bulletin builds an a previous bulletin in which health carriers and travel insurers …
