coronavirus pandemic News
Insurers Develop Products for a World Where Virus Outbreaks Are New Normal
Insurers are creating products for a world where virus outbreaks could become the new normal after many businesses were left out in the cold during the COVID-19 crisis. While new pandemic-proof ...
Chubb Estimates $1.4B in Q2 Pretax COVID-19 Catastrophe Losses
Chubb's new, sobering disclosure of Q2 2020 global net catastrophe losses underscores the damage COVID-19 is doing to carriers' bottom lines. The global property/casualty insurer reported a whopping ...
Aon Ends Most COVID-19-Related Salary Cuts Except for Named Executives
Aon will end the salary cuts implemented in May as a response to the economic uncertainties caused by the COVID-19 pandemic. Effective July 1, Aon ended the salary cuts and will colleagues for the ...
COVID-19 Could Be Most Expensive Event Ever for Insurers, Reinsurers: Guy Carpenter
Although considerable uncertainty remains over its ultimate cost, the COVID-19 pandemic looks set to rank among the re/insurance sector's most expensive events, according to a report published by ...
COVID-19 Kicks Public Company D&O Rate Hikes Into Overdrive
Rate-hike pressures were already robust for directors & officers liability insurance, but COVID-19 has kicked that into overdrive, according to a new Marsh report. "Although the current market ...
15 U.S. Minor League Baseball Teams Sue Insurers for Pandemic Business Losses
Fifteen U.S. minor league baseball teams on Tuesday sued several insurers for not paying out claims for business interruption losses after the cancellation of "much or all" of the league's season as ...
Citing COVID-19 Concerns, APCIA Will Move 2020 Annual Meeting Online
The American Property Casualty Insurance Association plans to move its 2020 annual meeting online because of continued safety concerns about the ongoing coronavirus pandemic. APCIA President and CEO ...
Opinion: Coronavirus Lockdown Heightens Workplace Bullying and Harassment
Working from home should have liberated employees from toxic workplace behavior such as bullying and harassment. Amid the lockdowns, gone are undesired office encounters, business trips, ...