Latest COVID-19 Headlines
All the headlines from our COVID-19 Topic Page, ordered by recency.
New York-Area Financial Firms, Insurers Implement Travel Policies for Coronavirus
Mar 5 2020 // Financial firms in New York City were testing remote-work capabilities, implementing new travel restrictions and canceling or modifying upcoming events as the coronavirus outbreak – already on the finance...
European Banks, Lloyd’s of London Develop Coronavirus Contingency Plans
Mar 5 2020 // Global banks and small investment firms in Europe are urging staff to work from home and curb travel as the financial industry braces for disruption from the rapidly spreading coronavirus outbreak. For many companies it...
Lawsuits Against Businesses Over Coronavirus Have Begun. More to Come?
Mar 4 2020 // The coronavirus has upended markets, disrupted supply chains and forced quarantines. It’s all fertile ground for lawsuits. Hospitals, restaurants, day care centers, nursing homes and hotels may face claims that they...
San Antonio Officials Declare Emergency After COVID-19 Quarantine Hiccup
Mar 4 2020 // The top two governing officials of the San Antonio area on Monday blocked the release of quarantined cruise ship evacuees, declaring a public health emergency after a woman allowed to leave quarantine later tested positive...
Congress Close to Deal on Funds to Fight Coronavirus
Mar 4 2020 // Negotiators in the U.S. House of Representatives and Senate neared a deal on Wednesday on a multi-billion-dollar emergency bill to battle the coronavirus as they narrowed differences over the cost of potential vaccines,...
Risk Modeling Firm Verisk Cancels Live Event Over Virus, Goes Virtual for Cyber Seminar
Mar 4 2020 // Insurance data analytics and risk modeling firm Verisk has converted its Cyber and Casualty Seminar scheduled for March 10 in New York City from an in-person to a free virtual event “out of an abundance of caution...
Officials Try to Calm Nerves as New York Reports First COVID-19 Case
Mar 4 2020 // New York leaders sought to calm jittery nerves Monday after the city recorded its first confirmed case of the new coronavirus, saying the disease – while dangerous – is a manageable threat. The state is...
Insurance Unlikely to Cushion Coronavirus Losses – But There Are Exceptions
Mar 4 2020 // Don’t look for much relief from insurers to cushion losses from canceled events, travel disruptions and potential medical claims from the deadly Covid-19 virus that’s sweeping across the globe. The...
Handshakes, Buffets Out. Otherwise It’s Insurance Conferences-as-Usual Amid Coronavirus.
Mar 3 2020 // As the coronavirus and its COVID-19 disease spread, Insurance professionals going to industry conferences over the next few weeks and months could find themselves having their temperature taken at the door and being told...
Parametric Insurance Could Offer Hotels Relief from Coronavirus Cancellations
Mar 3 2020 // Organizers of events called off because of the coronavirus are likely to miss out on insurance payouts because typical policies do not cover epidemic outbreaks. Hotels hit by cancellations may fare better. That is because...
Fitch Sees Only ‘Modest Impact’ on U.S. P/C Insurance from Coronavirus
Mar 3 2020 // The coronavirus (COVID-19) outbreak is not currently anticipated to have a meaningful adverse impact on financial results reported by U.S. property/casualty companies, nor their ratings, according to Fitch Ratings. The...
New York Insurers Required to Waive Cost-Sharing for Coronavirus Testing
Mar 3 2020 // The New York State Department of Financial Services is requiring New York health insurers to waive cost sharing associated with testing for novel coronavirus, including emergency room, urgent care and office visits. New...
AIR Worldwide Uses Pandemic Model to Determine Countries at Highest Risk
Mar 3 2020 // AIR Worldwide published an evaluation of potential coronavirus disease 2019 (COVID-19) cases in other countries, using its pandemic model to run hypothetical scenarios, which could reveal those countries at the highest...
Coronavirus May Force Companies to Rethink Global Supply Chains: OECD Economist
Mar 3 2020 // The upheaval from the coronavirus outbreak may be the final jolt that the world’s biggest companies need to reevaluate how they operate in a globalized economy, the OECD’s chief economist Laurence Boone...
Re/Insurers to Feel Coronavirus Impact From Financial Market Volatility: Moody’s
Mar 2 2020 // Global insurers and reinsurers are exposed to the coronavirus outbreak directly through a potential spike in claims, and indirectly through the impact on economic growth and the resultant financial market volatility,...
U.S. Probes Batch of Faulty Coronavirus Test Kits
Mar 2 2020 // The U.S. Department of Health and Human Services confirmed on Sunday that it is investigating a manufacturing defect in some initial coronavirus test kits that prompted some states to seek emergency approval to use their...
FACTBOX-Update on Coronavirus Around the World
Mar 2 2020 // The rapid spread of the new coronavirus has increased fears of a pandemic, sending global markets into a dive and prompting governments to step up control measures. As of Monday, there have been over 89,000 cases of the...
Professional Sports Leagues Keeping Close Track of Coronavirus
Mar 2 2020 // Major North American professional sports leagues are talking to health officials and informing teams about the coronavirus outbreak that has led to the first reported deaths in the U.S. Officials from the National...
New York Governor Wants $40M to Respond to Coronavirus
Feb 28 2020 // New York’s governor says he will ask state lawmakers in coming days to approve $40 million to help state health officials respond to the deadly coronavirus outbreak. Governor Andrew Cuomo, a Democrat, told reporters...
Global Insurers Face Hefty Claims If Coronavirus Forces Olympics Cancellation
Feb 28 2020 // Global insurers face a hefty bill if the coronavirus forces the cancellation of the Summer Olympics in Tokyo, with estimates of the cost of insuring the sporting showpiece running into billions of dollars. Japan has more...
