Connecticut Governor Ned Lamont released detailed phase 2 pandemic lockdown reopening guidelines for Connecticut businesses on Sunday, stressing social distancing, limited capacity, face mask requirements and sanitation. The state had 16 new coronavirus deaths, bringing the total to 4,071, and …
Analysts for Standard & Poor’s Global Ratings shared a view that U.S. underwriting losses from COVID-19 would fall in the $15-$30 billion range. However, risk officers speaking at a rating agency conference last week said the estimate is light. S&P …
The COVID-19 pandemic has upended lives, families, business routines, and the economy. Today, despite an uptick in May, 21 million people are unemployed in the United States, and the workforce has dropped to 137 million. Labor force participation has dipped …
New research shows that the restrictive measures taken around the world to slow the spread of the coronavirus have delivered considerable health benefits. Public health measures including social distancing and lockdowns have prevented more than 500 million additional coronavirus infections …
Fire officials preparing for a hazardous wildfire season in Nevada will be challenged by high temperatures, drought and the coronavirus. “Fire doesn’t really care that there’s a pandemic. We’re going to have to do our job, but we can minimize …
Reaching out to some of the same risk professionals that respond to the its “Global Risks Report” each year, the World Economic Forum announced the results of a special “COVID-19 Risk Perception Survey,” finding their concerns centered on economic risks …
Insurers are already seeing some pushback regarding virus-related claim denials from businesses that suffered losses while closed due to the pandemic, but what about claims a business could file if it opens despite a pandemic shutdown order? Pennsylvania Governor Tom …
I returned to the office this week, joining thousands of bankers from Citigroup Inc. to Morgan Stanley that are trickling back to their desks in Hong Kong. After almost five months working from home, it’s going to take some getting …
U.S. trade credit insurers have approached the U.S. Treasury Department and Federal Reserve seeking financial backing for claims payments to support business supply chains hit by the novel coronavirus pandemic, three people familiar with the matter said. Trade credit insurance, …
Shelters that open during dangerous hurricanes may look and operate differently this storm season, state emergency officials said, as the new coronavirus complicate response plans. Across the coastal United States, concerns over COVID-19 has added a new complication to response …
