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...
Illinois Casualty to Suspend Billing to Restaurants, Taverns in COVID-19 Response March 18, 2020 Beginning on March 20, Rock Island, Ill.-based Illinois Casualty Co. (ICC), a wholly owned subsidiary of ICC Holdings Inc., will...
Oklahoma Workers’ Comp Commission Extends COVID-19 Related Closures March 18, 2020 The Oklahoma Workers’ Compensation Commission (WCC) and the Court of Existing Claims (CEC) announced on Tuesday that the COVID-19 related...
EU Insurers Must Preserve Capital Positions as Coronavirus Crisis Escalates: Watchdog March 18, 2020 Insurance companies should take measures to preserve their capital position and be prudent about dividend and bonus payments as the...
AIR Worldwide Estimates COVID-19 Global Deaths Could Rise 10K-30K by End of March March 18, 2020 AIR Worldwide, the Boston-based catastrophe risk modeling firm, projected the number of severe cases of COVID-19 could range between 200,000...
Olympics Organizers Remain Committed to Holding Games, Despite Coronavirus March 18, 2020 By Wout Vergauwen The International Olympic Committee remains committed to holding the Tokyo Olympics this year and is confident steps taken around the...
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...
Governor Wolf Orders COVID-19 Shutdown Across Pennsylvania March 18, 2020 By Marc Levy and Mark Scolforo Pennsylvania Governor Tom Wolf extended a shutdown order Monday to the entire state of Pennsylvania in an effort to halt...
Lloyd’s Asks Market Insurers to Provide Estimates for Coronavirus Losses March 18, 2020 Lloyd’s of London has asked its member firms to provide estimates of their potential current and final losses from coronavirus,...
Florida Regulator Directs Insurers to Prepare for Coronavirus-Related Interruptions March 18, 2020 By Amy O'Connor The Florida Office of Insurance Regulation (OIR) is directing all insurers to review and update their business continuity and/or continuity...