Bipartisan COVID-19 Plan Helps Businesses, Unemployed; Splits State Aid, Liability Shield December 15, 2020 By Laura Litvan and Erik Wasson A bipartisan group of lawmakers released proposed Covid-19 relief legislation that may provide momentum for breaking a months-long impasse, by...
After Helping Shepherd Pandemic Loans, Banks Now Brace for Regulatory Risks October 21, 2020 By Lawrence Delevingne, Michelle Price and Koh Gui Qing Banks that facilitated the U.S. government’s Paycheck Protection Program at first saw the effort as a small revenue booster with...
McConnell’s Coronavirus Liability Shield Could Be Bargaining Chip in Relief Negotiations August 11, 2020 By Billy House Senate Majority Leader Mitch McConnell’s insistence that legal liability protections for businesses, schools and colleges be included in any new...
Allstate Reports Strong Q2 with Profit Up 49% Despite Pandemic August 10, 2020 By Andrew G. Simpson What pandemic? Allstate’s doing just fine. The giant personal lines insurer reported net income of $1.2 billion for the second...
McConnell’s Liability Shield Among Hurdles for Coronavirus Relief Bill July 29, 2020 By Erik Wasson and Laura Litvan Stimulus talks between President Donald Trump’s representatives and Democrats bogged down Tuesday over demands by Senate Majority Leader Mitch McConnell...
Personal Lines Insurance Poised to Turn Profit in 2020 As Auto Claims Fall: Fitch July 20, 2020 After a profitable 2019, the U.S. personal lines insurance sector is positioned to see underwriting profits in 2020 even with...
Who Got Money in Small Business Paycheck Protection Program? April 17, 2020 By Andy Sullivan, Howard Schneider and Ann Saphir WASHINGTON/SAN FRANCISCO, April 17 (Reuters) – Over two frantic weeks, the U.S. government pledged $350 billion to Main Street businesses...
Travelers to Provide $100 Million Cash Flow Boost to Agents Amid Coronavirus Crisis April 5, 2020 The Travelers Companies announced that it will accelerate commission payments to eligible agents and brokers to help them ease liquidity...
Next Insurance Cuts April Premium by 25% to Help Small Firms in Coronavirus Crisis April 1, 2020 An insurtech small business insurer is cutting April premiums by 25% for its customers with general liability, professional liability and...
Some Details of the $2 Trillion U.S. Senate Coronavirus Rescue Bill March 25, 2020 By Susan Cornwell and Andy Sullivan U.S. senators will vote on Wednesday on a $2 trillion bipartisan package of legislation to alleviate the devastating economic impact...