Latest COVID-19 Headlines
All the headlines from our COVID-19 Topic Page, ordered by recency.
Delaware Auto Insurers Take Actions to Help Consumers During COVID-19 Pandemic
Apr 7 2020 // Automobile insurers in Delaware are taking a number of actions in light of COVID-19, the Delaware Department of Insurance (DOI) announced. On Monday, Allstate announced it would embark on a premium payback program...
Stresses of COVID-19 Hit Businesses, Their Insurers, so Partnership Is Needed: FERMA
Apr 7 2020 // The Federation of European Risk Management Associations (FERMA) has called for enhanced understanding of the insurance needs of European businesses to help them get through the pandemic and recover afterwards. “Many...
European Watchdog Urges Re/insurers to Suspend Dividends During Pandemic
Apr 7 2020 // The European regulator has urged re/insurers to temporarily suspect dividend distributions and share buybacks aimed at remunerating shareholders, given the level of uncertainties connected to the impact of the COVID-19...
Global Supply Chains Strained as Ship Crews Are Stuck in Lockdown
Apr 7 2020 // Port restrictions and canceled flights are straining the ability to replace seafarers on board ships, further weakening global supply chains already snarled by the coronavirus pandemic. Hubs like Singapore, Abu Dhabi and...
UK MGA Aqueous Underwriting Offers COVID-Crisis Help for Hospitality, Leisure Clients
Apr 7 2020 // Aqueous Underwriting, a London-based managing general agent, has responded to the coronavirus crisis with a package of measures designed to help its clients in the food, hospitality and leisure sectors, which were forced...
Australia Regulator Urges Insurers, Banks to Defer Dividends Amid Coronavirus Crisis
Apr 7 2020 // Australia’s prudential regulator on Tuesday asked banks and insurers to consider deferring dividend payouts or use buffers like dividend reinvestment plans until the impact of the coronavirus pandemic is better...
Florida to Provide Workers’ Comp Coverage to State Workers Battling COVID-19
Apr 7 2020 // Florida state employees working on the frontlines of the COVID-19 pandemic will be eligible to receive workers’ compensation coverage under a recent directive from CFO Jimmy Patronis. In a March 30 order, Patronis...
2 Dozen Residents at North Carolina Assisted Living Center Positive for COVID-19
Apr 7 2020 // About two dozen residents at an assisted living center in western North Carolina have tested positive for COVID-19, marking a new case cluster in the state at corporate living facilities such as nursing homes. The...
Facilities Closed During Coronavirus Crisis Pose New Risks, Allianz Cautions
Apr 7 2020 // Many companies are having to shutdown their premises temporarily at short notice due to the Covid-19 pandemic. According to the risk consultants of Allianz Global Corporate & Specialty (AGCS), improper action or...
Coronavirus Resource Update 4/9/20
Apr 6 2020 // Stay Informed We’ve added a new, uplifting category to this blog – From Our Family to Yours. Below the news and resources, you’ll find a growing list of interesting and educational links that our Wells...
Michigan’s AmeriTrust Auto-Renewing General Business Policies During Pandemic
Apr 6 2020 // Southfield, Michigan-based AmeriTrust Group on March 20 said its admitted insurance carriers will guarantee renewal of all general business policies for the next 90 days, except in certain situations including in cases of...
North Carolina Nursing Home Reports Virus Outbreak
Apr 6 2020 // Three residents of a central North Carolina nursing home have tested positive for COVID-19, public health officials announced on Saturday as overall cases statewide exceeded 2,400. The three cases occurred within the...
Canadian Insurers Hit with Lawsuit on Refusal to Pay COVID-19 Biz Income Claims
Apr 6 2020 // A class action lawsuit has been filed against Canada’s top indemnity insurers for breach of contract in their refusal to pay business interruption claims from the COVID-19 crisis. “Indemnity insurers are...
Chubb Vows No Layoffs During Coronavirus Crisis; Pledges $10 Million to Relief Efforts
Apr 6 2020 // Global insurer Chubb announced that it will not conduct any layoffs among its 33,000 employees while in the midst of the COVID-19 pandemic health crisis. The insurer has also pledged to give $10 million to pandemic relief...
Consumers Find Travel Insurance Policies Not Much Help in Coronavirus Crisis
Apr 6 2020 // Purchasers of travel insurance are finding their policies all but worthless as the global pandemic forces them to change their plans, or worse, leaves them sick at sea. Most travel insurance companies won’t provide...
Insurers Say Forced Payouts for Excluded Virus Losses Risk Destabilizing Industry
Apr 6 2020 // World insurers told governments on Monday that making them pay out on losses suffered due to the coronavirus that were not covered by policies risked destabilizing the insurance industry. With the global economy hammered...
Thai Insurer’s Coronavirus Cover Draws ‘Overwhelming’ Demand
Apr 6 2020 // The founder of one of the world’s best-performing insurance firms this year never imagined its policies to cover illness from the coronavirus would draw “overwhelming” demand when it began selling them...
Federal-State Pandemic Training Focused on Flu, Not New Virus
Apr 6 2020 // In August, months before the first case of the new coronavirus was documented, some of Colorado’s top health officials gathered in a room at the state Department of Public Health and Environment to train for a...
D&O Insurers Brace For Coronavirus ‘Event Driven’ Litigation
Apr 6 2020 // What may be the first U.S. securities lawsuits alleging misdeeds related to coronavirus were filed in late March — one against a cruise line and another against a pharmaceutical company that claimed to have developed...
Lloyd’s Returns to Profit; ‘Strong Position’ to Respond to COVID-19
Apr 6 2020 // While announcing a return to profit of £2.5 billion (US$3 billion) for 2019, Lloyd’s also affirmed that the market is in a strong position to respond to the impacts of COVID-19. Lloyd’s return to profit was...
