The COVID-19 crisis reduced overall global macro resilience – or the ability of societies to absorb shocks – by 18% in 2020 from 2019, according to a sigma report published by Swiss Re Institute. At the same time, the report …
U.S. government employees should not be required to be vaccinated against COVID-19 before returning to their workplace or made to disclose their vaccination status, according to guidance released by the Biden administration on Thursday. Workers may voluntarily disclose this information …
A New Jersey bill that would allow business interruption insurers in the state to add a rider for virus and pandemic coverage is moving forward, with some in the industry saying it could encourage more insurers to provide this coverage. …
Catastrophe excess of loss reinsurance contracts “never anticipated an event like a pandemic,” but cedents can still expect compromises from their reinsurers, an industry executive said Thursday. While cedents and reinsurers may often disagree about how the reinsurance contracts apply, …
AXA has offered a settlement to 15,000 French restaurant owners that purchased non-damage business interruption insurance after previously denying coverage during the 2020 COVID-19 lockdowns. AXA estimates the cost of these settlements will be approximately €300 million (US$365.5 million) before …
Licensed marijuana stores in Washington state can offer free joints to promote on-site COVID-19 vaccine clinics, officials said this week. The state Liquor and Cannabis Board is calling the effort the “Joints for Jabs” program. The board says licensed adult-use …
California is set to fully reopen in less than two weeks and do away with virtually all mask and social distancing requirements for vaccinated people. But officials who regulate workplaces in the state aren’t ready to go that far and …
Californians headed to campgrounds, beaches and restaurants over the long holiday weekend as the state prepared to shed some of its coronavirus rules. Southern California beaches were busy with families barbecuing and children playing in the sand and surf. Business …
Federal employment laws do not prevent an employer from requiring all employees physically entering the workplace to be vaccinated for COVID-19, the Equal Employment Opportunity Commission (EEOC) has affirmed. Also, employers may offer incentives for employees to get vaccinated and …
The Pennsylvania Department of Health has dropped its legal action against more than 40 restaurants that were accused of defying state orders to close indoor dining and maintain social-distancing protocols. The Health Department had filed two separate complaints alleging that …
