The Federal Reserve expects household finances and business balance sheets to suffer “persistent fragilities” as a result of the shock to economic activity arising from the coronavirus pandemic, the central bank said in a report to Congress on Friday. In …
Texas Gov. Greg Abbott didn’t predict that the number of COVID-19 cases would fall as the state allowed businesses and cultural centers to reopen. In fact, he said allowing more people back into public places could increase the spread of …
A South African regulator is studying insurance contracts after customers complained that claims related to the coronavirus were unfairly rejected. One outcome from the process could include an order from the Financial Sector Conduct Authority on the fairness of wording …
U.S. property and casualty insurers have cast the coronavirus pandemic as an unprecedented event whose massive cost to small businesses they are neither able nor required to cover. The industry has warned it could cost them $255 billion to $431 …
One nearly empty passenger jet “climbed like a rocket,” prompting the pilots to exceed their assigned altitude. Others have scraped their tails on takeoff, gone off course or strayed close enough to other aircraft to prompt mid-air collision alerts. The …
Safety Insurance has extended its Personal Auto Relief Credit through June 30 to reflect changing consumer patterns and needs during the ongoing COVID-19 pandemic, according to a company press release. The original credit was announced in April and offered all …
Players should expect the directors and officers insurance market to “undergo radical changes” based on 2019 results and the “unprecedented turbulence” created by the COVID-19 pandemic, according to an A.M. Best report. A.M. Best expects that the efforts to address …
The cannabis cultivation market in the U.S. continues to expand, though COVID-19 will affect or is affecting the majority of these businesses, while operations get bigger, facilities become more numerous, and overall profits continue to increase, according to a report …
From apple packing houses in Washington state to farm workers in Florida and a California county known as “the world’s salad bowl,” outbreaks of the novel coronavirus are emerging at U.S. fruit and vegetable farms and packing plants. A rising …
A student sued the University of Kentucky this week, arguing the college should have partially refunded some tuition and fees after classes were moved online and most students were sent home during the coronavirus pandemic. The lawsuit was filed on …
