coronavirus pandemic News
$2 Trillion Won’t Be Enough for the Next Black Swan Event
There aren't many contexts where $2 trillion seems like a paltry sum. Then a pandemic comes along. The economic fallout from COVID-19 has left insurers issuing existential warnings and businesses ...
Negative Outlook Continues for U.S. Commercial Lines: A.M. Best
U.S. commercial lines insurers will continue to be tarnished by an A.M. Best negative outlook, thanks to COVID-19 economic uncertainty, social inflation and other challenges. A.M. Best first revised ...
Bankrupt N.Y. Retailer Sells $175M COVID Claim Insurers Won’t Pay
There's an unusual asset up for grabs in Century 21 Stores' going-out-of-business sale: a stake in its long-shot legal fight against insurers. The New York department store company, which filed for ...
Legal, Cultural Backlash Likely to Prevent U.S. Employers From Mandating COVID-19 Vaccine
Private U.S. companies have the right under the law to require employees to get vaccinated against COVID-19, but are unlikely to do so because of the risks of legal and cultural backlash, experts ...
Rusty Pilots Making Flying Errors Are a COVID-19 Emerging Risk
On Sept. 15, an Indonesian flight carrying 307 passengers and 11 crew to the northern city of Medan momentarily veered off the runway after landing, sparking an investigation by the country's ...
Evolving COVID BI Case Strategy: Convince Judge Virus Is Present
Policyholder attorneys pursuing COVID-19 business-interruption claims are hoping to persuade judges to accept a premise that many Americans appear to doubt: The novel coronavirus is physically ...
U.S. Thanksgiving Flyers Create Surge in Catch-All Travel Insurance
U.S. websites have seen a surge in travelers seeking expensive ironclad insurance this Thanksgiving, as Americans desperate to break the monotony of a year spent at home look to cover themselves ...
Mississippi Gulf Coast Casino Sues Carrier for Refusing Coronavirus Business Interruption Cover
A Mississippi Gulf Coast casino has become one of many businesses nationwide to sue its insurer for refusing to cover business losses because of the coronavirus pandemic. Island View Casino Resort in ...