Workers Protesting the Virus May Be Just the Start: Opinion May 15, 2020 By Stephen Mihm, Bloomberg Opinion In recent weeks, employees at sites as diverse as Amazon warehouses, meat-processing plants and emergency rooms have raised the alarm...
Lloyd’s Expects US$4.3B in COVID-19 Claims – On Par with Costs of 9/11 Terror Attacks May 14, 2020 By L.S. Howard Lloyd’s of London revealed it will pay claims in the range of $3 billion to $4.3 billion as a result...
UK Government to Create Temporary Reinsurance Backstop for Trade Credit Insurance May 13, 2020 By L.S. Howard The UK Treasury announced it is creating a government-backed temporary reinsurance scheme so businesses can continue to access trade credit...
Why We Can’t Wait Until It’s Safe to Lift Lockdowns: Opinion May 12, 2020 By Faye Flam, Bloomberg Opinion Officials in the U.S. have undermined hopes of a successful economic reopening because they’ve garbled public messaging, never clearly explaining...
U.S. Businesses, Patients Sue China Seeking Damages From Coronavirus Outbreak May 11, 2020 By Curt Anderson Before the coronavirus outbreak, Saundra Andringa-Meuer was a healthy 61-year-old mother of six who never smoked or drank alcohol. Then...
For Global Insurers, Pandemic Likely to Erase Profits Until 2021 Second Half: Fitch May 11, 2020 While insurance rates have risen for nine consecutive quarters due to large catastrophe losses and accelerating claims inflation, Fitch Ratings...
New York Strengthens COVID-19 Safety Measures for Nursing Homes May 10, 2020 By Maria Caspani and Rich McKay New York state on Sunday announced new coronavirus-safety measures to better protect nursing home residents, who are highly vulnerable to...
COVID-19 Hits Already-Troubled Nursing Home Insurance Market; Brokers Try to Help May 10, 2020 By Amy O'Connor Nursing homes are right in the middle of the deadly coronavirus pandemic hitting the U.S, with more than 28%, or...
As Deaths Rise to 20,000, Nursing Homes Seek Immunity from Lawsuits May 10, 2020 By Bernard Condon, Jim Mustian and Jennifer Peltz Faced with 20,000 coronavirus deaths and counting, the nation’s nursing homes are pushing back against a potential flood of lawsuits...
White House Quashes ‘Overly Specific’ CDC Guide for Reopening of Economy May 8, 2020 By Alexandra Alper and Maria Caspani The White House shelved a step-by-step guide prepared by U.S. health officials to help states safely reopen mass transit, restaurants,...