Coronavirus News

Insurers, Regulators Warn About Safety of Jets Reactivated After Pandemic Storage

SYDNEY – Regulators, insurers and experts are warning airlines to take extra care when reactivating planes left in extended storage during the COVID-19 pandemic, citing potential pilot rustiness, maintenance errors and even insect nests blocking key sensors. The unprecedented number …

Washington Gym Defying Virus Orders Fined Nearly $10K a Day

The state has levied a large fine against a Graham gym that is defying Washington Gov. Jay Inslee’s orders meant to slow the spread of the virus. Graham Fitness was accused of eight violations totaling $77,112 by the state Department …

Bipartisan COVID Relief Plan Expected to Put State Aid, Liability Shield in Separate Bill

Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi discussed developments on federal funding, including pandemic relief, during a roughly half-hour phone call on Sunday and agreed to speak again on Monday, Pelosi spokesman Drew Hammill said on Twitter. In …

Cyber Attack on EU Drug Regulator Has Not Disrupted Work on COVID-19 Vaccines

BRUSSELS – The head of the European Union drug regulator said on Thursday the agency’s work assessing COVID-19 vaccines had not been disrupted by a cyber attack that took place in the past two weeks. U.S. drugmaker Pfizer and its …

L.A. Restaurants Win Court Battle Over Virus Closures

Los Angeles County’s health director acted “arbitrarily” and didn’t prove the danger to the public when she banned outdoor dining at restaurants as coronavirus cases surged last month, a judge ruled Tuesday in a case other businesses may use to …

Fidelis Raises $185M of Capital, Bringing 2020 Total to More than $1.3B

Fidelis Insurance Holdings Ltd. announced it has raised in the fourth quarter of 2020 an additional $60 million of equity capital from existing and new investor relationships, including Alfa Insurance and affiliated companies with which Fidelis has a long-standing relationship. …

Royal Caribbean Cruise Cut Short When Passenger Tests Positive for COVID-19

SINGAPORE – An elderly passenger on board a Royal Caribbean “cruise to nowhere” has been diagnosed with the coronavirus, prompting the voyage to be cut short as the vessel returned to Singapore on Wednesday. The 83-year-old guest on board the …

‘Urgent Action’ Needed to Help Stranded Sailors and Avoid Supply-Chain Risks

Fidelity International is calling for urgent action to address the humanitarian crisis and supply-chain risks caused by the more than 400,000 seafarers who are stranded aboard vessels and a similar number who remain ashore with little prospect for work or …

Why World Bank’s Controversial Pandemic Bonds Didn’t Function as Hoped

In late January 2015, just after the deadliest outbreak of Ebola in history, then-World Bank President Jim Yong Kim stood in front of a group of Georgetown University students and professors to introduce a new approach to fighting pandemics. Fresh …

Global Reinsurance Sector Receives ‘Stable’ Market Outlook as Rates Keep Hardening

The outlook of the global reinsurance sector is “stable,” which is mainly a reflection of hardening pricing conditions and tighter terms and conditions, according to AM Best and Fitch Ratings in two reports. AM Best said the market has seen …