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OSHA Cites Smithfield Foods For Lax Coronavirus Safety for Meat Plant Workers

The U.S. Labor Department said on Thursday it cited Smithfield Foods for failing to protect employees from the coronavirus, making it the first major U.S. meatpacker to face a fine after outbreaks at slaughterhouses infected thousands of workers. The citation …

Hospitals, Nursing Homes Fail to Separate COVID Patients, Putting Others at Risk

Nurses at Alta Bates Summit Medical Center were on edge as early as March when patients with COVID-19 began to show up in areas of the hospital that were not set aside to care for them. The Centers for Disease …

Department Store Blames Insurers As It Files Bankruptcy and Shuts Down

Century 21 Stores, an iconic New York off-price department store chain, filed for bankruptcy with plans to shut down, becoming the latest victim of the retail industry carnage that’s accelerated during the pandemic. The retailer will hold going out of …

Schools Find Lessons About Insurance Liability and COVID-19 Are Complicated

School officials and insurers across the country are facing questions about COVID-19-related insurance liability as they begin classes, but answers remain elusive, according to A.M. Best. “Uncertainty about the plethora of issues involved with school liability abounds,” A.M Best said …

With COVID Infections Rising, England Limits Gatherings, Plans for Mass Testing

Prime Minister Boris Johnson announced new restrictions on social gatherings in England on Wednesday, saying there was a clear need to act after a spike in COVID-19 infections. Speaking at a televised news conference, flanked by his top medical advisers, …

Social Inflation, Low Interest Rates, Rising Catastrophes: Recipe for a Hard Market

Even before the coronavirus crisis hit, the re/insurance industry was in a period of significant rate hardening, which will likely continue over the next two years, or even longer, according to Munich Re. Such price increases became necessary after 10-plus …

European Insurers Worried Regulators May Block COVID-19 Dividends

Global regulators should not ban insurers from paying dividends as a result of COVID-19 and should give firms more time to report their capital positions, European insurers said on Monday. The pandemic will likely lead to between $50 and $100 …

COVID-19 Cast as a Catalyst for Change. Now What?

Look around the corner, what do you see? Answering that question is the most important part of my job as an author, speaker, advisor and VC investor. It’s a role that requires a hint of arrogance, since peering around the …

British Theatres, Concerts Say Shows Will Go on Only With Insurance Help

British theaters and live music venues say the show will only go on if the government provides a financial backstop, as the COVID-19 pandemic means they can no longer get commercial insurance. While venues for indoor live performances are not …

9 Coronavirus Vaccine Developers Pledge to Uphold Scientific Safety Standards

Nine leading U.S. and European vaccine developers pledged on Tuesday to uphold the scientific standards that their experimental immunisations will be held against, amid a hurried global race to contain the pandemic. The companies, including Pfizer, GlaxoSmithKline and AstraZeneca, in …