Insurers Reject House Members’ Request to Cover Uninsured COVID Business Losses March 20, 2020 A bipartisan group of U.S. House members has asked insurers to retroactively recognize financial losses relating to COVID-19 under commercial...
California Places All Residents Under ‘Stay at Home’ Order March 19, 2020 By Dan Whitcomb and Steve Gorman California’s governor on Thursday issued an unprecedented statewide “stay at home order” directing the state’s 40 million residents to hunker...
Restaurants’ Coronavirus Relief Request Includes Government-Backed Insurance March 19, 2020 The nation’s restaurants stand to lose at least $275 billion and shed as many as 7 million jobs over the...
Analyst Says Specialty P/C Insurers More Likely to See Business Interruption Losses March 19, 2020 The original property/casualty insurance industry reaction that business interruption losses may be modest may have been too optimistic, according to...
Growing Exodus of Workers from City of London Cripples Small Businesses March 19, 2020 By Neil Callanan, Greg Ritchie and Anooja Debnath At lunch hour, James Leahy’s Burrito Joe stall in the City of London’s financial district is usually buzzing as people...
Insurance Will Help But NCAA Faces Loss of Millions Due to Lost Tournament March 19, 2020 By Ralph D. Russo The NCAA made more than $1 billion last year, almost $867 million from the men’s Division I basketball tournament, and...
AM Best to Test Insurers for Coronavirus Impact; Fitch Lowers Allstate Outlook March 18, 2020 Ratings firm AM Best said it is developing stress testing that it will conduct on its rated insurance companies’ balance...
Uber, Lyft to Halt Shared Rides to Help Limit Coronavirus Spread March 17, 2020 By Tina Bellon Uber Technologies Inc. and Lyft Inc. Tuesday began suspending shared rides on their ride-hailing platforms in the United States and...
Update: Florida Bans Nursing Home Visits as Coronavirus Spreads March 16, 2020 By Terry Spencer and Bobby Caina Calvan Gov. Ron DeSantis on Saturday banned most visits to nursing homes statewide as he acknowledged the coronavirus has likely spread...
Lloyd’s Market Association to Close Office in Response to COVID-19 March 13, 2020 The Lloyd’s Market Association (LMA) is closing its office from Tuesday March 17 until the end of March in response...