Coronavirus News

Munich Re’s Q2 Net Profit Slumps 42% on COVID-Related Losses

German reinsurance group Munich Re posted a 42% decline in second-quarter net profit, with around 700 million euros ($832 million) in losses related to the coronavirus pandemic in the period. The company, which had already announced preliminary earnings in July, …

Insurer AXA, With H1 Net Income Down 40%, Warns of Future COVID-19 Shocks

AXA SA’s profit sank in the first half as it booked a 1.5 billion-euro ($1.8 billion) charge for claims related to COVID-19 and warned of further shocks from the pandemic. The French insurer saw net income fall 39% from the …

AIG’s Zaffino Sees COVID-19 Creating Beneficial ‘Flight to Quality’

AIG President and Chief Operating Officer Peter Zaffino said that the insurer has seen accelerated rate improvements and other gains as clients react to the ongoing COVID-19 pandemic. “We believe that COVID has resulted in a flight to quality and …

Houston Will Enforce Masks With Fines as Texas Deaths Topped 7,000

Houston’s mayor has instructed police to begin issuing $250 fines for flouting statewide mask orders in hopes that August will stamp out a grim summer resurgence of COVID-19 that is now responsible for at least 7,000 confirmed deaths in Texas. …

New York City Erects Quarantine Checkpoints to Curb Coronavirus

New York City will put up COVID-19 quarantine checkpoints at key entry points to ensure that incoming travelers from 35 states with outbreaks comply with the state’s 14-day quarantine mandate, Mayor Bill de Blasio said on Wednesday. The measure underscores …

‘Defensive Dining’: Keeping Makeshift Outdoor Eateries Safe From Storms, Drivers

Outdoor spaces hastily fancified for low-risk dining are keeping thousands of U.S. restaurants from closing permanently. But crashing the dinner party are tropical storms, rats — and the occasional out-of-control vehicle. On July 5, five people were injured when a …

Virus Cases Grow by 377 in Oklahoma, More Deaths

Oklahoma’s reported coronavirus cases rose by 377, and the state added another death due to the illness caused by the virus, the Oklahoma State Department of Health said. Oklahoma has confirmed 38,602 cases of COVID-19 and 551 deaths as of …

Nevada Governor Rolling out County-By-County Virus Response

Nevada will shift this week from broad restrictions in response to the coronavirus to an ongoing, county-by-county review where officials hope to target hot spots and specific businesses where the virus is spreading. Gov. Steve Sisolak and the state’s COVID-19 …

Arizona Reports 1,030 More Virus Cases, 14 More Deaths

Arizona health officials have reported 1,030 new cases of the coronavirus and 14 more deaths. The Arizona Department of Health Services has recorded 179,497 confirmed cases of COVID-19 in the state since the pandemic began. The known death toll is …

Louisiana Prepares to Resume Movie, TV Filming Amid Pandemic

Louisiana released coronavirus safety guidelines for movie and TV productions this week, as filming is expected to start returning to the virus outbreak hot spot this month. The safety rules – issued by the Louisiana economic development department’s entertainment division …