Progressive Q1 Results Reflect ‘Significant Impact’ from Coronavirus, Restrictions May 7, 2020 The Progressive Corp. said its results for the first quarter were “significantly impacted” by the spread of the coronavirus and...
How to Manage Two Disasters at Same Time May 7, 2020 By Leslie Kaufman On March 5, Tennessee governor Bill Lee announced the state’s first confirmed case of Covid-19. Three weeks later on Easter...
Willis Paints COVID-19 Insurance Loss Big Picture: It’s a Wash or Historic Catastrophe May 7, 2020 By Jim Sams If the novel COVID-19 pandemic is brought under control soon, the disease’s impact on the insurance industry as a whole...
Buffett Says Berkshire Would Write Pandemic Insurance. That Is, If the Price Is Right. May 7, 2020 By Susanne Sclafane The chairman of Berkshire Hathaway said that while his insurance units aren’t heavily exposed to underwriting losses from the COVID-19...
Opinion: What If Public Employees Could Sue Government Over Covid-19? May 7, 2020 By Stephen L. Carter, Bloomberg Opinion Suppose you’re working in an essential industry and your employer hasn’t provided you with adequate personal protective equipment. Maybe you...
Allstate Credits Risk Management During Q1; Eyes Second Coronavirus Driver Refund May 6, 2020 Allstate Corp. reported that its adjusted net income rose 47% in the first quarter to $1.14 billion, a jump of...
Meat Workers Taking Leave, Quitting as Plants Reopen Amid Coronavirus Scare May 6, 2020 By Jen Skerritt and Lydia Mulvany America’s meat-processing plants are starting to reopen but not all workers are showing up. Some still fear they’ll get sick...
Goodbye Open Plan Office? Hello 6-Feet Social Distancing Workspace? May 6, 2020 By Jane Ross One-way corridors, buffer zones around desks, and clear plastic screens to guard against colleagues’ coughs and sneezes may become office...
What to Expect in Workers’ Compensation Costs From COVID-19: NCCI May 6, 2020 By Jim Sams If only 10 percent of health care workers contract COVID-19 and all of their claims are deemed compensable, workers’ compensation...
Transparency Is Key for Insurance Agents Handling Coronavirus Claims May 6, 2020 By Elizabeth Blosfield Business interruption insurance has been a much-debated topic during the coronavirus crisis, with some businesses already pushing back against virus-related...