Global Economy
Insurers Know They’re Essential, and Coronavirus Business Shutdowns Prove It
Insurance industry professionals might take some pride in knowing that they are considered essential. In states where only essential businesses are allowed to keep operations going during the ...
French Insurers Will Contribute $216M to Coronavirus Solidarity Fund
French insurance lobby FFA said on Monday insurers would contribute up to 200 million euros ($216 million) to funds set up by the government to help companies deal with a significant drop in activity ...
Pandemic Bonds Prove Better for Investors Than Stricken Nations
To offset the crushing costs of trying to stem a global epidemic, the World Bank and partners announced the creation of "pandemic bonds" several years ago: the idea was to leverage private capital ...
Members of Congress Urge Insurers to Cover COVID Business Interruptions
A bipartisan group of U.S. House members has asked insurers to retroactively recognize financial losses relating to COVID-19 under commercial business interruption coverage for policyholders. ...
Managers Can Make Their Employees Happier by Asking How Their Week Went
Send an email asking staff members how their week went. Leaders who do this gain a good way to keep employees happy at work. According to a recent posting with The Chief Happiness Officer Blog, this ...
N.J. Bill Would Make Insurers Cover COVID-19 Business Interruption Claims
A proposed New Jersey bill, which aims to create business interruption insurance coverage for COVID-19 related claims despite virus exclusions in many policies, has drawn concern about the ...
A Spring El Niño or La Niña Is Increasingly Unlikely
There is about a 65 percent chance that neutral weather conditions will prevail in the Northern Hemisphere this spring with no El Niño or La Niña, up from 60 percent last month, a U.S. government ...
EU Industry Watchdog Warns Insurers Should Take Measures to Preserve Capital
Insurance companies should take measures to preserve their capital position and be prudent about dividend and bonus payments as the coronavirus outbreak disrupts households and businesses, the ...