As the United States exceeds 5 million reported coronavirus cases — the world’s first country to do so — epidemiologists have pinpointed what helped to set the country on this path. Research from the University of Notre Dame estimates that …
The coronavirus crisis will see the world’s biggest firms slash dividend payouts between 17%-23% this year or what could be as much $400 billion, a new report has shown, although sectors such as tech are fighting the trend. Global dividend …
Travel on all U.S. roads and streets for 2020 is down by 264.2 billion vehicle miles, or 16.6%, according to the Department of Transportation. For June traffic was down 36.5 billion vehicle miles, or 13.0%, compared with June 2019. Travel …
The Lloyd’s market looks unlikely to turn an underwriting profit in 2020 given the pandemic and hurricane season. However, there a signs of improvement, according to analysts at S&P Global Ratings. S&P notes that the COVID-19 pandemic has already caused …
Medication costs for COVID-19 patients hospitalized in the United States have dropped sharply since May, reflecting advances in treatment, shorter stays and use of cheaper generic drugs. But costs may rise again as hospitals start to pay for Gilead Sciences …
The number of California workers’ compensation claims for COVID-19 continues to climb, according to a new report compiled by the California Workers’ Compensation Institute. Data from the Division of Workers’ Compensation shows that as of Aug. 10, there were 9,515 …
Auto insurance shopping and new business growth rebounded in May and June after a drop in late March and early April due to COVID-19 shutdowns, civil unrest and other events. However, there was little impact on the annual shopping rate, …
Mergers and acquisitions (M&A) in the global insurance industry rose in the first half of 2020 with 201 completed deals worldwide, up from 197 in the second half of 2019, according to Clyde & Co’s “Insurance Growth Report” mid-year update. …
Global insured property losses from disasters were US$31 billion in the first half of 2020, up from US$23 billion during the same period last year, according to Swiss Re Institute’s sigma estimates. Natural catastrophes accounted for US$28 billion of H1’s …
Australian authorities detained at least two cargo ships for alleged labor violations related to demands from seafarers to be sent home, some of whom have spent more than a year at sea. The ships, which are or will be carrying …
