Coronavirus News

Detroit Thanksgiving Parade Going Forward, But No Spectators

The 94th Detroit Thanksgiving parade will march on, but any spectators probably will be in their pajamas. People will not be allowed to line the parade route in downtown Detroit because of the coronavirus. Instead they’ll have to watch the …

Wisconsin Hits 2,817 Infections, Record for New Coronavirus Cases Reported

Wisconsin on Saturday hit a record for coronavirus cases reported in a single day as health officials reported 2,817 people have tested positive for the virus. The state has seen some of the nation’s fastest coronavirus spread over the last …

EU Strikes Low-Cost Deal With AstraZeneca to Pay COVID-19 Vaccine Claims

European governments will pay claims above an agreed limit against AstraZeneca over side-effects from its potential COVID-19 vaccine, under different terms to a deal struck with Sanofi, an EU official told Reuters. The deals reflect different strategies by two of …

D&O Insurers Under Pressure But Big Enough to Handle Pandemic Claims, Says Fitch

As claims related to the economic fallout from the pandemic emerge in the U.S. directors & officers (D&O) liability insurance segment, insurers can expect the claims to take several years to pay out and underwriting losses to continue over the …

U.S. to Research Transmission of COVID-19 in Beef Supply Chain

The U.S. Department of Agriculture is funding a $1 million research project to identify how the virus that causes COVID-19 might be transmitted in the nation’s beef supply chain, from cattle on the farm to the packages of meat inside …

Iowa Beef Plant Fine After Coronavirus Outbreak: $957

Iowa regulators have issued their first citation to a meatpacking plant with a large coronavirus outbreak that sickened its workforce — a $957 fine for a minor record-keeping violation. The outbreak at the Iowa Premium Beef Plant in Tama in …

Michigan House Passes Bills Shielding Employers from Virus Lawsuits

A divided Michigan House voted on Sept. 23 to shield health providers and businesses from coronavirus-related lawsuits filed by patients, employees or customers, advancing bills that majority Republicans said would give businesses more comfort to reopen and block frivolous complaints. …

Formation of More ‘Class of 2020’ Reinsurers Unlikely

The Class of 2020 already has a new member, but it’s not a true startup, the chair of the company said recently. Speaking at the KBW Insurance Conference in early September, Sid Sankaran, chair of Third Point Re, was referring …

Lloyd’s CEO Neal Sees Appeal of COVID Business Insurance Ruling Coming

Lloyd’s of London Chief Executive John Neal said on Thursday he expected a London judgment, which ordered some insurers to compensate struggling businesses for losses during the COVID-19 pandemic, to be appealed. London judges ruled that some of the world’s …

Oregon Businesses Threatening to Sue Over Virus Restrictions

Several Oregon businesses have threatened a class action lawsuit against the state over COVID-19 restrictions implemented by Gov. Kate Brown to slow the pandemic. A lawyer representing the businesses argues that Oregon officials should draft a plan to compensate small …