Latest COVID-19 Headlines
All the headlines from our COVID-19 Topic Page, ordered by recency.
Catastrophe Bond Prices Signal Coronavirus Nearing Pandemic Status
Feb 28 2020 // The World Health Organization says the coronavirus isn’t yet a global pandemic. Bonds that insure against just such a catastrophe say that it probably is. The bonds, sold in 2017 by the World Bank to raise money for...
Markets Are Overreacting to Threat of Coronavirus: Allianz CEO Baete
Feb 26 2020 // Markets are overreacting to the threat of the rapidly spreading coronavirus and the global economy will only see a short-term impact, said the head of Allianz SE, Europe’s biggest insurer. Chief Executive Officer...
Coronavirus’ Hits to Supply Chains Could Surpass Natural Disasters: Opinion
Feb 26 2020 // Everyone is wondering when China will return to work. While it may be tempting to consider past epidemics or labor strikes to gauge how quickly that could happen, the industrial shutdown from the coronavirus is looking...
Insurance Coverage for Losses Stemming from the Coronavirus
Feb 26 2020 // The coronavirus has not only sickened tens of thousands of people, killed several hundred, and disrupted life for millions, but has also sharply impacted the second-largest economy in the world. Many Chinese companies have...
Coronavirus Fears Drive Up Credit Risk for Gulf Crude Exporters
Feb 25 2020 // The cost of insuring against sovereign debt defaults by Gulf Arab states has risen in recent days as markets price the risk the coronavirus outbreak represents for the crude export-dependent region. Conventional spreads on...
Coronavirus Update: On Decline in China But of Rising Concern in South Korea, Italy, Iran
Feb 25 2020 // Iran’s coronavirus death toll rose to 16 on Tuesday, the most outside China, heightening its international isolation as dozens of worst-hit nations from South Korea to Italy accelerated emergency measures to curb the...
Coronavirus Raises Insurance Questions But Catastrophe-Tested Insurers Are Prepared
Feb 20 2020 // As the coronavirus outbreak continues to cause concern around the globe, the insurance industry is facing a potentially far-reaching impact but has the experience to handle what might come its way. Based on what the...
China’s Ping An Insurance Says Coronavirus Outbreak Could Hit Business
Feb 20 2020 // Ping An Insurance Group Co. of China Ltd., China’s largest insurer by market value, said on Thursday that the coronavirus may have an impact on its business. Ping An’s comments on the virus were included in its...
World Bank Pandemic Bond Losing Value, Facing Criticism as Coronavirus Spreads
Feb 19 2020 // A World Bank bond designed to deliver funding to help the world’s poorest countries to tackle fast-spreading diseases has lost half its value as the coronavirus outbreak in China has fanned fears that investors could...
Coronavirus, Pandemics and Workers’ Compensation
Feb 19 2020 // This week’s Academy Journal entry comes to us from friend of the Academy, Chris Boggs. Click and check out what he’s been up to. A pandemic is defined as, “an outbreak of a disease that occurs over a wide...
FACTBOX: China Takes Steps to Bolster Coronavirus-Hit Economy
Feb 19 2020 // Chinese policymakers have implemented a raft of measures to support an economy jolted by a coronavirus outbreak that is expected to have a devastating impact on first-quarter growth. The People’s Bank of China (PBOC)...
12 Chinese Insurers Co-Launch Coverage for Businesses Hit by Coronavirus
Feb 18 2020 // China’s southern province of Hainan has launched the first specially designed insurance product to cover losses incurred by businesses as a result of the coronavirus outbreak in the country, the banking and insurance...
Cruise Ship Tests Coronavirus Containment as 300 Passengers Return to U.S.
Feb 17 2020 // TRAVIS AIR FORCE BASE, Calif./GENEVA, Feb 17 —More than 300 American cruise liner passengers, including 14 who tested positive for coronavirus, were flown home to military bases in the United States after two weeks under...
Coronavirus Epidemic Could Infect Two-Thirds of World’s Population: WHO Scientist
Feb 14 2020 // As the number of coronavirus cases jumps dramatically in China, a top infectious-disease scientist warns that things could get far worse: Two-thirds of the world’s population could catch it. So says Ira Longini, an...
Coronavirus Leads Companies with Supply Chain Disruptions to Invoke ‘Force Majeure’
Feb 13 2020 // With the coronavirus outbreak that originated in Hubei province, China, showing no signs of abating any time soon, some companies that buy and sell goods in the Chinese market are taking interest in the legal defense of...
Insurers Rush to Exclude Coronavirus Epidemic from Event-Cancellation Protection
Feb 13 2020 // Businesses looking to buy cancellation insurance for events around the world will not be able to get cover for the new coronavirus outbreak, industry sources said, as insurers rush to exclude the epidemic from their...
Coronavirus Clouds U.S. Outlook But Economic Impact Should be Modest: S&P
Feb 12 2020 // The coronavirus outbreak in China is clouding the global outlook and leading to both business caution and potential overall weakness in U.S. growth, according to S&P Global. However, given its limited exposure, the...
Thai Insurer Offers First Coronavirus Insurance Policy
Feb 10 2020 // The world’s best-performing insurance firm has seized on the latest health concern to offer Thailand’s first policy to cover the novel coronavirus. TQM Corp., with partner Bangkok Insurance Pcl, this week...
Many Global Firms Face High Coronavirus Costs Due to Insurance Exclusions
Feb 10 2020 // Many global companies from hotels and airlines to industrial houses are expected to have to foot the bill for disruptions caused by a new coronavirus in China, with epidemics usually excluded from insurance cover, experts...
Coronavirus Update: Deaths Surpass 900; World Health Experts Head to Beijing
Feb 9 2020 // BEIJING, Feb 10 — An advance team of international experts led by the World Health Organization (WHO) has left for Beijing to help investigate China’s coronavirus epidemic, which authorities said on Monday had...
