Coronavirus News

Insurance Survey Asks: How Is Pandemic Affecting Your Life, Your Work, Your Industry?

How is the coronavirus pandemic affecting you and your work? Now and going forward? No matter where you work in the P/C insurance industry, your experience is important. Learn how your experience compares with that of your industry peers by …

California Lowers Workers’ Comp COVID Estimate; Expects Claims Drop in Downturn

The Workers’ Compensation Insurance Rating Bureau of California on Monday released a study looking at the historic impact of economic downturns on workers’ comp claim frequency and the potential impact of COVID-19 on claims. The study, Impact of Economic Downturn …

Georgia Nursing Home Cited for Delayed Reporting of Virus-Infected Workers

The federal agency that oversees workplace safety said Friday that it had issued its first citation in the U.S. related to the coronavirus outbreak: against a Georgia nursing home that delayed reporting the hospitalization of six infected workers. The Occupational …

Pandemic Reinsurance Solution Gains Wide Support from UK Re/Insurance Industry

UK insurance executives have taken another step toward developing a public-private risk-financing mechanism for future pandemics with the creation of work streams to take the idea from the drawing board to an operating company. So-called “Pandemic Re,” which was first …

Arizona Judge Rules Against Releasing Nursing Home COVID-19 Stats

The state of Arizona doesn’t have to publicly reveal the number of coronavirus cases and deaths among residents of nursing homes, long-term facilities and retirement homes, a state judge ruled on Friday. The ruling marked a loss for news organizations …

Sign Here First: Reopening Businesses Turn to Liability Waivers, Disclaimers

As U.S. businesses reopen after weeks of pandemic lockdowns, many have been posting coronavirus disclaimers or requiring employees and patrons to sign waivers before entering. From hair salons and recreation centers to stock exchanges and wedding photographers, the notices have …

Italy’s Regulator Asks Insurer Cattolica to Boost Its Capital by $557M on COVID-19 Impact

Cattolica Assicurazioni said on Monday that Italy’s insurance regulator had told it to raise 500 million euros ($557 million) after the coronavirus crisis knocked its solvency ratio, a measure of financial strength. The Bank of Italy warned last month about …

Pandemic-Hit Re/insurers Expect a Costly Hurricane Season – and Rates Are Rising

The official start of the Atlantic hurricane season on Monday could signal more steep losses for insurers and reinsurers, already battered by the impact of the coronavirus pandemic on their underwriting and investment positions. However, recent years of hefty damage …

British Regulator Enlists 8 Insurers in Pandemic Test Case of Business Interruption Cover

Insurers including Hiscox, RSA and QBE will take part in a UK test case to decide whether their policies should pay out millions of pounds to companies hit by the coronavirus pandemic, the industry regulator said on Monday. A national …

Coronavirus Could Complicate Hurricane Response, Warns Catastrophe Modeler

“Hurricanes and COVID-19 are not a good mix,” says catastrophe modeling firm Karen Clark & Co., warning in a report that the pandemic will make what forecasters already predict to be an above-average hurricane season even more difficult. KCC highlighted, …