coronavirus pandemic News
COVID-19 Will Make Reinsurers Lose More Money in 2020: S&P
Reinsurers globally will lose money in 2020, a reality Standard & Poor's said COVID-19-related losses stand to make worse. What's more, the level of red ink could worsen substantially depending ...
A.M. Best Says Stress Tests Show Most Insurers Can Handle Balance Sheet Pandemic Hit
Analysts at the AM Best ratings firm say their initial stress tests of insurance companies globally to gauge the preliminary impact from the COVID-19 pandemic on their financial strength found good ...
U.S. Employers Veer Away From Coronavirus ‘Immunity Tests’ as They Prepare to Reopen
U.S. employers have cooled to the idea of testing workers for possible immunity to the coronavirus as they prepare to reopen factories and other workplaces. Blood tests that check for antibodies to ...
Federal Lawmakers Propose Heroes Compensation Act For Essential Worker Comp
A bipartisan group of federal lawmakers unveiled a plan on Thursday to compensate essential workers who fall sick of die from COVID-19, modeling the Pandemic Heroes Compensation Act after the ...
Lloyd’s COVID-19 Claims Payouts to Rival 9/11 Terror Attacks
Lloyd's of London revealed it will pay claims in the range of $3 billion to $4.3 billion as a result of the COVID-19 pandemic. This payout is on par with the Sept. 11 terrorist attacks, which cost ...
COVID-19 Fallout: Pressure Grows for Workers Comp Federal Backstop
An executive order by California Gov. Gavin Newsom last week is the most aggressive yet among the directives issued by 13 states that require workers compensation insurers to pay at least some ...
6-Feet Social Distancing Workplaces Are Increasingly Likely
One-way corridors, buffer zones around desks, and clear plastic screens to guard against colleagues' coughs and sneezes may become office standards after coronavirus stay-at-home orders are lifted, ...
Allianz Solvency Ratio Dealt Disruption From COV-19 Crisis Costs
German insurer Allianz said on Tuesday that a key measure of capital may fall below the company's target floor level as it faces claims for disruption caused by the coronavirus crisis. Allianz, which ...