Latest COVID-19 Headlines
All the headlines from our COVID-19 Topic Page, ordered by recency.
Munich Re Withdraws 2020 Profit Guidance on COVID-19 Uncertainties
Apr 1 2020 // Munich Re is withdrawing its profit guidance of €2.8 billion (3.1 billion) for 2020 as a result of the “great uncertainty” caused by the macroeconomic and financial impacts of COVID-19 in combination with the...
Alabama Issues Industry Guidance on COVID-19, Classifies Insurance as Essential
Apr 1 2020 // Alabama Commissioner of Insurance Jim Ridling has asked insurers writing business in the state to consider leniency and flexibility for policyholders in light of the current coronavirus outbreak, as well as confirmed that...
National Bank of Greece Halts Sale of Ethniki Insurance on COVID-19 Crisis: Sources
Apr 1 2020 // National Bank of Greece SA has halted the sale of its Ethniki Insurance unit after the coronavirus pandemic dashed any lingering hopes of a successful auction, according to people familiar with the matter. In addition to...
What Florida Agents Need to Know During Coronavirus Crisis
Apr 1 2020 // Watch the Full Interview Powered by InsuranceJournal.tv Florida is a catastrophe-prone state when it comes to weather, but the challenges that come from a non weather-catastrophe like the current COVID-19 pandemic bring...
Coronavirus Relief Loans Will Be Available for Small Businesses Friday
Apr 1 2020 // The United States’ new $350 billion small-business coronavirus rescue loan program could see millions of applications when it launches on Friday, senior Trump administration officials said on Tuesday. Officials from...
Texas Mutual Donating $2M in Grants to Nonprofits Providing COVID-19 Relief
Mar 31 2020 // Workers’ compensation insurer, Texas Mutual Insurance Co., is donating $2 million in grant funding for nonprofit organizations across the state that are vital to COVID-19 relief and recovery. The grants will go to 40...
Texas Insurance Regulators Expediting Review of COVID-19 Coverage Filings
Mar 31 2020 // The Texas Department of Insurance (TDI) said it is expediting approvals for property/casualty filings that provide additional coverage or relief to policyholders during the COVID-19 outbreak. Recent filings related to...
North Dakota Insurance Commissioner Issues Guidelines in Response to COVID-19 Pandemic
Mar 31 2020 // North Dakota Insurance Commissioner Jon Godfread has issued a number of bulletins offering guidance to the insurance industry in response to executive orders made by Gov. Doug Burgum, and in the interest of protecting...
P/C Insurance Industry Backs New Government Fund to Help Businesses, Workers Hurt by Coronavirus Shutdowns
Mar 31 2020 // The property/casualty insurance industry has joined a broad business coalition in supporting and crafting a new federal relief fund for businesses and workers affected by the quarantine and stay-at-home measures...
Coronavirus Pandemic Reveals the Science of Risk That Shapes Our Lives
Mar 31 2020 // Hours after the results of a risk model reached the public, U.K. Prime Minister Boris Johnson and U.S. President Donald Trump asked nearly 400 million people to upend their lives. A group of epidemiologists at Imperial...
10 Nursing Homes in Colorado Have COVID-19 Outbreaks
Mar 31 2020 // The Colorado Department of Health has released the names and locations of nine of the 10 nursing homes and long-term care facilities that are facing outbreaks of COVID-19 in response to a public records request filed by...
Massachusetts Joins Ohio, N.J. in Proposing COVID-19 Business Interruption Bill
Mar 31 2020 // Massachusetts is one of the latest states to propose legislation that would mandate insurers cover COVID-19 related business interruption claims despite virus exclusions in many policies. This comes as Insurance Journal...
Coronavirus Infections on Rise in Already-Strained Urban Police Departments
Mar 31 2020 // When nine police officers showed up to make an arrest near Melrose Avenue in the Bronx last Wednesday, none wore a mask or gloves to protect them from coronavirus. Similar scenes play out all over the city daily: officers...
QBE Withdraws 2020 Financial Targets on COVID-19 Related Economic Uncertainty
Mar 31 2020 // QBE released its 2019 full year results on Feb. 17, 2020, which included an outlook statement that included combined operating ratio and net investment return targets for the 12 months ended Dec. 31, 2020. However, QBE has...
Global M&A Plunges 28% in Q1 as Coronavirus Hits Economies
Mar 31 2020 // Global mergers and acquisitions activity plunged 28% in the first quarter to its lowest level since 2016 as the devastating economic effects of the coronavirus pandemic took hold in March, compounding a slow start to the...
Oklahoma Lawmakers Call for First Responder Workers’ Comp Coverage for COVID-19
Mar 30 2020 // A group of Republican lawmakers from the Oklahoma House of Representatives are asking the Oklahoma Municipal League (OML), Oklahoma Municipal Assurance Group (OMAG), CompSource Oklahoma and self-funded municipalities to...
P/C Insurers Put a Price Tag on Uncovered Coronavirus Business Interruption Losses
Mar 30 2020 // The property/casualty industry estimates that business interruption losses from the coronavirus just for small businesses in the U.S. could be between $220-$383 billion per month — or a quarter to half of the total...
The Longer Coronavirus Crisis Lasts, the More Uncertain Is P/C Insurance Outlook
Mar 30 2020 // North American property/casualty insurers reported improved 2019 operating performance, but near-term performance will likely be more challenging with the onset of coronavirus and the resulting economic impact, according...
Ohio Bill Would Expand Business Interruption Coverage During COVID-19 Emergency
Mar 30 2020 // Two Democratic state representatives in Ohio have filed a bill in the General Assembly that would require insurers that provide business interruption insurance to cover losses that arise from viruses and pandemics,...
How Coronavirus Crisis Has Changed Underwriting at Lloyd’s of London
Mar 30 2020 // Thousands of London’s underwriters took their stamps and fountain pens home last week, which they use to sign insurance contracts, but they won’t need them. Working at home due to the coronavirus lockdown, they...
