Latest COVID-19 Headlines
All the headlines from our COVID-19 Topic Page, ordered by recency.
Consumer Groups Want Auto Premiums to Reflect Coronavirus Curb on Driving
Mar 24 2020 // The shutdown of workplaces and gathering spots around the country to slow the spread of coronavirus may lead to a sharp reduction in auto insurance claims. Two consumer groups want to make sure that insurance carriers...
Western Supply Chains Begin to Buckle on Expanding Coronavirus Lockdowns
Mar 23 2020 // Freight carriers are struggling to deliver goods by land, sea or air as the coronavirus pandemic forces Western governments to impose lockdowns, threatening supplies of vital products including medicines into the most...
Coronavirus Outbreak Exposes Flaws in Design of Pandemic Bonds
Mar 23 2020 // To offset the crushing costs of trying to stem a global epidemic, the World Bank and partners announced the creation of “pandemic bonds” several years ago: the idea was to leverage private capital from Wall...
French Insurers to Contribute $216M to Coronavirus Solidarity Fund for Businesses
Mar 23 2020 // French insurance lobby FFA said on Monday insurers would contribute up to 200 million euros ($216 million) to funds set up by the government to help companies deal with a significant drop in activity due to the coronavirus...
Treasury Secretary Mnuchin Says Coronavirus Lockdown to Last Until June
Mar 23 2020 // The lockdown affecting large segments of the American public to try to curb the spread of the coronavirus is likely to last 10 to 12 weeks, or until early June, U.S. Treasury Secretary Steven Mnuchin said on...
FEMA Tackles COVID-19 While Also Facing Past Disasters, Spring Flood Season
Mar 23 2020 // It wasn’t until Wednesday, five days after President Donald Trump declared a national emergency, that the Federal Emergency Management Agency announced it was “leading the federal coordination” to the...
‘Cancel for Any Reason’ Travel Policies Offered in New York as Coronavirus Spreads
Mar 23 2020 // Six global and national insurance companies have agreed to offer ‘cancel for any reason’ travel policies in New York state as the coronavirus pandemic continues to spread. The insurance companies offering this...
Manufacturers: Mostly On Their Own to Face Coronavirus Insurance
Mar 23 2020 // Remote Work Not Much Help for Assembly Lines Property/casualty insurance professionals are trying to provide advice and empathy to their manufacturing clients coping with the effects of the spread of the coronavirus. But...
Coronavirus Impact on Workers’ Compensation Limited But Some Workers May Be Covered
Mar 23 2020 // The outbreak of coronavirus has already resulted in some workers’ compensation claims and more are expected. But whether those claims are going to succeed depends on the individual circumstances and the state where...
Cruel Paradox: Beating Virus Means U.S. Recession
Mar 20 2020 // The coronavirus is dealing a death blow to the longest U.S. economic expansion on record, triggering layoffs and putting intense strain on the nation’s financial system. In a cruel paradox, the very steps that are...
European Insurers’ Coronavirus BI Claims Likely to Be Limited: Moody’s, ABI
Mar 20 2020 // Insurers in the UK, France and Germany are likely to face only moderate business interruption (BI) claims as a result of the coronavirus outbreak because pandemic-related claims are excluded from most business interruption...
Swiss Re, Zurich Insurance in Talks with Swiss Regulator About Coronavirus Impact
Mar 20 2020 // Switzerland’s top insurance companies are in talks with the financial regulator about the impact of the coronavirus outbreak on their capital buffers and their business, according to people familiar with the...
Pressure Builds on Insurers to Be Part of Coronavirus Business Solution
Mar 20 2020 // While legislators in Washington and states try to fashion financial relief for businesses interrupted by the public health actions related to coronavirus, outside pressure is mounting on private property/casualty...
Coronavirus Strikes Post-Brexit Trade Talks with Top Negotiators in Isolation
Mar 20 2020 // The coronavirus has struck at the heart of the post-Brexit trade talks between Britain and the European Union, with both sides’ top negotiators now in isolation. David Frost, the UK’s chief negotiator, is...
Insurers Reject House Members’ Request to Cover Uninsured COVID Business Losses
Mar 20 2020 // A bipartisan group of U.S. House members has asked insurers to retroactively recognize financial losses relating to COVID-19 under commercial business interruption coverage for policyholders. Eighteen House members made...
NY Regs Ask Insurers for Details of Business Interruption Policies in Wake of COVID-19
Mar 20 2020 // The New York State Department of Financial Services (DFS) has instructed insurers to submit details of business interruption policies that have been provided to insureds, as well as the coverage each policy offers...
Southeast Insurance Regulators Issue Industry Guidance for Coronavirus Outbreak
Mar 20 2020 // Insurance departments across the Southeast are notifying industry representatives of updated procedures and expectations in response to the coronavirus outbreak, while also acknowledging the potential for a serious impact...
Life Insurers Go Slow on New Policies to Limit Coronavirus Risk
Mar 19 2020 // U.S. life insurers are trying to curb their own risks to coronavirus by imposing waiting periods for applicants who have traveled to regions with widespread outbreaks, industry experts said. Life insurers are worried about...
Restaurants’ Coronavirus Relief Request Includes Government-Backed Insurance
Mar 19 2020 // The nation’s restaurants stand to lose at least $275 billion and shed as many as 7 million jobs over the next three months due to the coronavirus, the industry told lawmakers yesterday in appealing for help. The...
Texas Stamping Office Still Processing Policies, Fees Amid Pandemic Precautions
Mar 19 2020 // Its employees are now working remotely but the Surplus Lines Stamping Office of Texas (SLTX) reports that all duties and responsibilities, including policy processing and fee collections, continue to be met. SLTX said it...
