Latest COVID-19 Headlines
All the headlines from our COVID-19 Topic Page, ordered by recency.
Midwest Insurers AmeriTrust, Grange Unveil COVID-19 Relief for Businesses
May 4 2020 // Grange Insurance Co., based in Columbus, Ohio, and AmeriTrust Group Inc. in Southfield, Michigan, are offering relief plans to business insurance customers in response to the COVID-19 pandemic. Grange Insurance has...
The Hartford Reports Q1 Net Income Drop; Minor Coronavirus Impact Thus Far
May 4 2020 // The Hartford’s 2020 first-quarter numbers are yet another example of the coronavirus pandemic not yet affecting underwriting results in a major way. But net income took a big hit. First-quarter net income came in at...
S&P Expects States to Lose Bids to Mandate Coronavirus Business Interruption Coverage
May 4 2020 // Standard & Poor’s said it does not expect state legislators to succeed in their efforts to retroactively expand business interruption insurance coverage for COVID-19-related losses. The reason: An expectations of...
Texas Insurance Commissioner: Modernization Efforts Paying Off During Pandemic
May 4 2020 // The employees of the state agency in charge of regulating the insurance industry in Texas might not put it this way, but in a sense, operationally at least, they have been preparing for the current health crisis brought on...
Florida Directs Workers’ Comp Insurers to Comply with COVID-19 Treatment Order
May 4 2020 // The Florida Office of Insurance Regulation has issued an informational memorandum to all insurers and entities authorized to write workers’ compensation insurance providing guidance on the treatment of policyholders...
Washington Extends Emergency Order Waiving Deductibles And Copays for Coronavirus Tests
May 1 2020 // Washington Insurance Commissioner Mike Kreidler extended his emergency order to Washington health insurers for 30 days, requiring them to waive copays and deductibles for any consumer requiring testing for...
Updated: Insurance Premium Discounts, Other Relief Offered During Coronavirus Crisis
May 1 2020 // The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers. Most...
Coronavirus Cases Surge in Reopened Colorado Beef Plant, Worker Dies
May 1 2020 // COVID-19 cases at a JBS meatpacking plant in Colorado have more than doubled “in a number of days” and a sixth employee died of the virus, a union official said on Thursday, underscoring the risks of U.S. meat...
Pinnacol Donates $1.8M to COVID-19 Funds for Colorado Businesses, Workers
May 1 2020 // Pinnacol Assurance donated nearly $2 million to an array of funds that support businesses and workers in Colorado impacted by the COVID-19 pandemic. Through its philanthropic giving program, Pinnacol donated the following...
Willis Towers Watson Withdraws 2020 Target on COVID-19 Crisis; Q1 Revenues Up 7%
May 1 2020 // Willis Towers Watson is withdrawing its 2020 guidance due to the uncertainties caused by the COVID-19 pandemic. The broker said it will re-assess the guidance once it has a clearer understanding of the depth, duration, and...
Virtual ‘Woodstock for Capitalists’ May Show How Buffett’s Handling Coronavirus
May 1 2020 // Berkshire Hathaway Inc.’s annual meeting will be nothing like the extravaganzas of years past, but will give Warren Buffett a chance to show how resilient his cash-rich conglomerate may be to the coronavirus...
Non-Life Insurance Claims from Pandemic to Surpass 9/11 Claims: Willis Towers Watson
May 1 2020 // Insurance broker Willis Towers Watson on Friday estimated general insurance losses between $32 billion and $80 billion across key classes in the United States and UK from the novel coronavirus, surpassing claims from the...
Brexit Trade Talks Back on Agenda After COVID-19 Hiatus, Facing Tight Timetable
May 1 2020 // Banks are dusting off their no-deal Brexit plans as concerns deepen that Britain and the European Union won’t agree a trade deal by December as the COVID-19 pandemic compounds fundamental disagreements over future...
Allianz Withdraws 2020 Profit Target on Pandemic Uncertainties
May 1 2020 // Allianz SE withdrew its forecast for the year as Europe’s biggest insurer struggles with the fallout from the Covid-19 pandemic. Given the economic uncertainty, the board “does not assume that Allianz can...
States Under Pressure to Lift Coronavirus Restrictions as Unemployment Grows
May 1 2020 // As White House economic reopening guidance expired on Thursday after two weeks in place, half of all U.S. states forged ahead with easing restrictions on restaurants, retail and other businesses in hopes of reviving...
Trump Administration Defends Workplace Safety Record During Coronavirus Crisis
May 1 2020 // U.S. Labor Secretary Eugene Scalia on Thursday defended his department’s handling of workplace safety during the coronavirus pandemic, saying “the cop is on the beat” in response to union criticism about...
The Perilous Cannabis, Cyber, COVID-19 Connection
Apr 30 2020 // Cannabis, cyber and COVID-19 – the three Cs may have more in common than meets the eye. Cannabis dispensaries, now considered essential businesses in many states, have stepped up deliveries, curbside pickups and online...
New LWCC Foundation Commits $1.1M for COVID-19 Recovery in Louisiana
Apr 30 2020 // Baton Rouge-based Louisiana Workers’ Compensation Corp. (LWCC) has formed a private foundation to focus on the areas of health, wellness, and safety in the workplace. It’s leading initiative, Louisiana Well...
Florida CFO Says China Owes State Financial Restitution from COVID-19 Outbreak
Apr 30 2020 // Florida Chief Financial Officer (CFO) Jimmy Patronis has sent a demand letter to Chinese Ambassador to the United States Cui Tiankai demanding financial restitution from the Communist Party of China (CPC) for...
Markel Estimates COVID-19 Losses of $325 Million
Apr 30 2020 // Diverging from strategies of some competitors, Markel Corp. established a big reserve for a chunk of its potential COVID-19 exposure for the entire year—putting up $325 million for direct potential losses. The holding...
