Coronavirus News

Australia’s 4 Summer Natural Disasters Cost Insurers More Than US$3.44 Billion

The cost of insurance claims from four natural catastrophes during Australia’s 2019-2020 summer has passed A$5.19 billion (US$3.44 billion), said the Insurance Council of Australia (ICA). Thousands of new claims and property loss assessments have pushed total claims to more …

Massachusetts Division of Insurance Urges Carrier Flexibility with Vacancy Provisions

The Massachusetts Division of Insurance has notified all property and casualty insurance carriers in the state that they are expected to take steps to preserve insurance coverage for businesses ordered to shut down due to the coronavirus crisis. “Insurance coverage …

Police, Regulators Target Pennsylvania Businesses Flouting Wolf Shutdown

Police and state regulators are cracking down on a handful of Pennsylvania businesses that are supposed to remain shut down during the pandemic but have instead thrown open their doors. Small business owners have protested Governor Tom Wolf’s closure of …

Thieves Find Unattended Autos Easy Targets During Coronavirus Sheltering-at-Home

The coronavirus hasn’t been kind to car owners. With more people than ever staying home to lessen the spread of COVID-19, their sedans, pickup trucks and SUVs are parked unattended on the streets, making them easy targets for opportunistic thieves. …

Driving Hasn’t Found Its New Normal Yet: Opinion

Memorial Day weekend, the typical start of the U.S. summer driving season, has come and gone. Data on just how much driving Americans did is trickling in, and it’s a bit noisy. Apple mobility trends show searches for directions down …

Allianz and Generali Plan to Sell Life Insurance Assets: Sources

Two of Europe’s largest insurers are gearing up to sell billions of euros in life assets — a niche corner of dealmaking keeping bankers busy amid the coronavirus pandemic. Allianz SE is planning to divest as much as 9 billion …

NY Stock Exchange Partially Reopens Trading Floor; Traders, Staff Sign Liability Waivers

New York Governor Andrew Cuomo donned a face mask and rang the opening bell at the New York Stock Exchange on Tuesday, marking the partial reopening of the trading floor at 11 Wall Street, which had been shuttered since March …

Georgia Man Accused of Defrauding Employer Over COVID-19

A Georgia man faces charges after authorities say he lied to his employer that he had tested positive for COVID-19. Santwon Antonio Davis, 34, is charged with defrauding his employer, the U.S. attorney’s office in Atlanta said in a news …

Join the Big Coronavirus Survey for the Entire Property/Casualty Insurance Industry

How is the coronavirus pandemic affecting you, your life, your work and your industry? 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 …

Delaware Insurance Commissioner Shares Reopening Reminders

The Delaware Department of Insurance is sharing reminders with business owners regarding important measures to take as phased reopenings begin and providing resources to enhance worker and customer safety. Insurance Commissioner Trinidad Navarro has recommended that businesses revisit their insurance …