Latest COVID-19 Headlines
All the headlines from our COVID-19 Topic Page, ordered by recency.
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...
Coronavirus Effect on Agency Value
Apr 6 2020 // Life has changed for everyone since the lockdown of US citizens and businesses a few weeks ago by our local and federal governments. No one can really believe that in such a short time, beginning mid-March, that our lives...
3-Part Hiring Plan During COVID-19
Apr 6 2020 // My recruiting career began 18 months before The Great Recession, so to say I’m seeing similarities between then and the current COVID-19 situation is an understatement. I remember the anxiety and uncertainty about...
COVID-19 Claims to Hit Lloyd’s on Multiple Lines, Says CEO Neal
Apr 6 2020 // Lloyd’s insurers face COVID-19 related claims from approximately 14 categories of insurance, said Chief Executive Officer John Neal during a media call to discuss the market’s 2019 results. Neal said it is too...
Coronavirus Impact on Aviation Insurance: Gallagher
Apr 5 2020 // Airplanes with a total insured value of more than $160 billion are grounded around the world, presenting risks for insurers, a report said on Friday. Singapore has the largest number of planes standing idle at airports, at...
Travelers to Provide $100 Million Cash Flow Boost to Agents Amid Coronavirus Crisis
Apr 5 2020 // The Travelers Companies announced that it will accelerate commission payments to eligible agents and brokers to help them ease liquidity concerns due to the COVID-19 crisis. In total, Travelers said it is accelerating more...
