Coronavirus News

Task of Tracking COVID-19 Vaccine Safety Falls to Multiple Federal Agencies

Monitoring Covid-19 vaccines for safety issues will fall to a group of U.S. health agencies that also will have a hand in their rollout, a potential hurdle in persuading skeptics to get the shots, say former government officials who helped …

Pfizer Reports 95% Success Rate in COVID-19 Vaccine Final Trial

Final results from Pfizer Inc.’s COVID-19 vaccine trial showed its shot had a 95% success rate and two months of safety data, paving the way for the drugmaker to apply for an emergency U.S. authorization within days, it said on …

Norwegian Cruise Ship Operator SeaDream Cancels All Sailings After Virus Outbreak

Norwegian-owned cruise ship operator SeaDream Yacht Club has canceled all sailing for the remainder of 2020 after positive COVID-19 test results onboard one of its cruises, it said on Tuesday, dealing a fresh blow to the cruise industry. The decision …

South African Insurer Santam Loses COVID-19 Business Interruption Test Case

A Cape Town court ordered Santam Ltd. to pay out business-interruption claims to two South African hospitality companies, potentially opening up the industry to cover losses suffered because of the coronavirus pandemic. The court agreed with the approach of the …

Insurers Using Counter-Intuitive Arguments to Escape COVID Liabilities: UK Regulator

Insurers are trying to escape liability for pandemic-related business losses with counter-intuitive arguments that go against the essential purpose of insurance, Britain’s markets watchdog told the UK Supreme Court on Tuesday. A lawyer for the Financial Conduct Authority (FCA), which …

Oklahoma Places New Restrictions on Bars, Restaurants Amid Virus Surge

Oklahoma Gov. Kevin Stitt has announced new restrictions on bars and restaurants and plans to require mask wearing inside state buildings, the first state restrictions imposed since the economy reopened in May, as officials attempt to control the surging number …

Michigan Governor Says She Has Authority for Virus Stay-Home Order

Michigan Gov. Gretchen Whitmer said on Nov. 16 she has the authority to issue a second stay-at-home order to curb the spiking coronavirus if necessary and called a comment by an adviser to President Donald Trump urging people to “rise …

20 Farms in Washington Fined for Not Protecting Workers From COVID-19

Three Mid-Columbia farms are among those receiving the biggest fines in the state from the Washington state Department of Labor and Industries for serious violations of agriculture regulations to prevent the spread of the coronavirus. More than 20 farms have …

Is the Aviation Insurance Market Ready for a COVID-19 Vaccine?

As the development, and possible mass production, of COVID-19 (C-19) vaccines gather speed, the transportation and logistics industry will need to turn its attention to how the product can be safely and efficiently distributed. Recent figures from the International Air …

Ten Largest Insurance Markets Likely to See 4.5% Drop in GDP During 2020

The world’s 10 largest insurance markets are cumulatively expected to see their gross domestic product (GDP) decrease by 4.5% in 2020 compared to 2019 because of COVID-19, according to a new Insurance Information Institute (Triple-I) report. “All things being equal, …