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New Capital Entering Market Unlikely to Quickly Soften Rates: Vantage Risk CEO

Greg Hendrick, the CEO and co-founder of the new reinsurance and insurance company Vantage Risk isn’t too concerned about the new capital that has been pouring into the market this year, and its potential to drive down rates – at …

Cyber Attack on EU Drug Regulator Has Not Disrupted Work on COVID-19 Vaccines

BRUSSELS – The head of the European Union drug regulator said on Thursday the agency’s work assessing COVID-19 vaccines had not been disrupted by a cyber attack that took place in the past two weeks. U.S. drugmaker Pfizer and its …

Uber Asks States to Prioritize Delivery, Rideshare Drivers for COVID Vaccine

Uber Technologies Inc. on Thursday sent letters to the governors of all U.S. states, asking for its ride-hail and food delivery drivers to get early access to COVID-19 vaccines as essential workers. The company also said it will send a …

U.S. Drug Advisory Panel Meets Today on Pfizer’s COVID Vaccine

A panel of outside advisers to the U.S. Food and Drug Administration is meeting on Thursday to weigh whether to recommend that the agency authorize Pfizer’s coronavirus vaccine for emergency use, one of the last steps before vaccinations could begin. …

Workers With Second Jobs May Be Factor in Nursing Home COVID Risk: Study

Nurses and other long-term care workers in nursing homes who hold multiple jobs may be one of the factors contributing to the spread of COVID-19 in these facilities. According to a new study published in Medical Care Research and Review, …

Why World Bank’s Controversial Pandemic Bonds Didn’t Function as Hoped

In late January 2015, just after the deadliest outbreak of Ebola in history, then-World Bank President Jim Yong Kim stood in front of a group of Georgetown University students and professors to introduce a new approach to fighting pandemics. Fresh …

How to Address the Next Uninsurable Pandemic — A Black Swan Event

There aren’t many contexts where $2 trillion seems like a paltry sum. Then a pandemic comes along. The economic fallout from COVID-19 has left insurers issuing existential warnings and businesses discovering they weren’t covered. It’s resulted in courts packed with …

States Grapple With Determining Who’s Essential, Who’s Not for COVID Vaccine

Companies and industry groups lobbying to get their U.S. workers to the front of the line for COVID vaccination are running into a patchwork of state plans and confusion over who is essential, and who is not. Inoculation against the …

Expansion of Workers’ Compensation for COVID-19 in 6 States Created Narrow Benefit

While at least 17 states have passed laws or issued orders that expanded access to workers’ compensation benefits for employees who contract COVID-19, many of those directives are creating new exposure for only a sliver of the workforce, new research …

Bankrupt Store Chain Sells $175M Unpaid COVID Insurance Claim to Pay Debt

There’s an unusual asset up for grabs in Century 21 Stores’ going-out-of-business sale: a stake in its long-shot legal fight against insurers. The New York department store company, which filed for bankruptcy in September, claims it’s owed more than $175 …