coronavirus pandemic News
Progressive Endures Significant Q1 Coronavirus Impact
The Progressive Corp. said its results for the first quarter were "significantly impacted" by the spread of the coronavirus and social distancing and shelter-in-place restrictions. Despite a 30 ...
Employees Need to Feel Safe When They Return to the Workplace: Mercer
With the U.S. making some progress in "flattening the curve" of COVID-19, it's time for employers to plan their return to the workplace. The most critical step: ensuring employees feel safe coming ...
North America Commercial Coverage Will See Extended Hardening Into 2021
Buyers of North America commercial insurance should see an extended hardening market as well as added pressure on coverage terms and conditions for the rest of 2020 and into 2021, Willis Towers ...
Global Regulators Voice Caution Over Forced Pandemic Payouts
Forcing retroactive payouts to cover business disruption losses resulting from the coronavirus pandemic could ultimately put financial stability at risk, global insurance regulators said. Disputes ...
Munich Re Expects $1B in Coronavirus Claims; 2020 Profit Still Envisioned
Munich Re said on Thursday it expected to receive claims for canceled or postponed events because of the coronavirus crisis in excess of 1 billion euros ($1.08 billion) this year after it posted a ...
State Auto Loses $114.6M in Q1 Due to Investment, Catastrophe Losses
State Auto Financial Corp. lost $114.6 million in the 2020 first quarter and said its combined ratio climbed above 107. Investment and catastrophe losses were behind the results. At the same time, ...
NCCI: Modest COVID-19 Infection Rates Will Still Be Costly
If only 10 percent of health care workers contract COVID-19 and all of their claims are deemed compensable, workers' compensation loss costs for that sector could double or even triple in some ...
Law Firms Gather UK Plaintiffs to Sue Allianz Over Business Interruption Claims
Two law firms said on Tuesday they were gathering companies in Britain for a potential group lawsuit against German insurer Allianz for rejecting business interruption claims during the coronavirus ...