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...
Analysts Tally Workers’ Comp Cost of Exposure to COVID-19 May 5, 2020 By Susanne Sclafane While the potential cost of relaxing a tenet of the workers’ compensation system to deal with extraordinary circumstances of COVID-19...
CNA Records Q1 Loss Tied to Market Volatility from Coronavirus May 5, 2020 CNA Financial Corp. recorded a first quarter 2020 net loss of $61 million, and core income of $108 million. The...
Marsh & McLennan Revenue Grew 14% in Q1 May 5, 2020 Marsh & McLennan Companies (MMC) marked the one-year anniversary of its acquisition of Jardine Lloyd Thompson (JLT) by reporting consolidated...
Back to Work: How Businesses Are Trying to Make Workers Feel Safe May 5, 2020 By Joyce M. Rosenberg Before the coronavirus outbreak, furniture deliveries at Sunnyland Outdoor Living meant two employees sitting side-by-side in a truck. Now, one...
Drugmaker Questioned for Nearly Tripling Price of Potential COVID-19 Drug May 5, 2020 By Carl O'Donnell The chair of a House of Representatives committee and a fellow Democratic committee member on Monday urged Jaguar Health Inc....
Supreme Court Agrees to Hear Micro-Captive Insurer Tax Case May 5, 2020 By Greg Stohr The U.S. Supreme Court agreed to review a ruling that critics say would give the Treasury Department and Internal Revenue...
AIG Takes Hit from Coronavirus in Q1; Sees Industry’s ‘Biggest CAT Loss Ever’ Ahead May 5, 2020 By Suzanne Barlyn, Noor Zainab Hussain and Bharath ManjeshR Insurer American International Group Inc. on Monday posted a 93% drop in quarterly adjusted profit, as it set aside money...
Insurers’ Loss Estimates Linked to Coronavirus Range Widely: Analysis May 5, 2020 By Suzanne Barlyn and Alwyn Scott Insurers are normally great with numbers. But the coronavirus pandemic has them struggling to estimate how many billions of dollars...