Coronavirus News

COVID-19 Cases in Nursing Homes Rising in States Hit by Latest Virus Surge

Despite Trump administration efforts to erect a protective shield around nursing homes, coronavirus cases are surging within facilities in states hard hit by the latest onslaught of COVID-19. An analysis of federal data from 20 states for The Associated Press …

Reduced Driving Turns Into Fewer Injuries and Workers’ Compensation Claims

The COVID-19 pandemic comes with one bright spot for workers’ compensation insurers: Fewer workers are being injured in motor vehicle accidents. A research brief issued by the National Council on Compensation Insurance projects that workers’ compensation claims caused by motor …

Study Shows COVID-19 Patients at Greater Risk of Mental Health Problems

Many COVID-19 survivors are likely to be at greater risk of developing mental illness, psychiatrists said on Monday, after a large study found 20% of those infected with the coronavirus are diagnosed with a psychiatric disorder within 90 days. Anxiety, …

Q&A: Where Drugmakers Are in the Race for COVID-19 Vaccine

Drugmakers and research centers around the world are working on COVID-19 vaccines, with large global trials of several of the candidates involving tens of thousands of participants well underway. The following is what we know about the race to deliver …

Pro Sports Bubbles Offer Coronavirus Safety Lessons for Real World

The NBA wants to be back in December. The NHL is aiming at games resuming in January. Baseball’s spring training may begin in February, like normal. They almost certainly won’t be in bubbles if and when any or all of …

P/C Insurers Face Workforce, Risk, Policy Challenges as Pandemic Continues

Given that business-as-usual is unlikely to return soon due to the coronavirus pandemic, U.S. property/casualty insurers will continue to face challenges related to virus-related insurance losses and premium volume declines in 2021, according to Fitch Ratings. The operational and risk …

EU Warns of New Wave of Consumer Scams Amid COVID Resurgence

The European Commission on Friday urged online platforms to gird for a fresh wave of consumer scams linked to the resurgence of COVID-19 infections in Europe and said they need to work harder against the spread of disinformation related to …

Q3 Global Commercial Insurance Pricing Rockets 20% Higher: Marsh

Global commercial insurance pricing rocketed 20 percent higher on average in the 2020 third quarter, driven largely by rate hikes in three key lines, according to a new Marsh market update. Marsh said the jump was the largest since launching …

Eight Years Later, Sandy Still Costing Transit Systems Billions

Once a gleaming symbol of early 20th-century ambition and prosperity, Hoboken’s grand rail terminal now sits as a somber reminder of the daunting challenges facing mass transit in the New York region. Eight years ago Thursday, Superstorm Sandy pushed the …

UK Supreme Court to Hear Appeal of COVID Business Interruption Test Case on Nov. 16

The UK Supreme Court will hear an appeal on Nov. 16 of the Financial Conduct Authority’s (FCA) test case over which insurance companies should offer payouts to small businesses battered by the coronavirus pandemic. The hearing is expected to last …