Coronavirus News
From Free Coverage to Masks, P/C Insurers Try to Alleviate Coronavirus Pressures
While the property/casualty insurance industry is fighting attempts to force it to pay for the huge business income losses that it says most policies were never intended to cover, some individual ...
Lloyd’s Underwriters Say Hello to Working at Home
Thousands of London's underwriters took their stamps and fountain pens home last week, which they use to sign insurance contracts, but they won't need them. Working at home due to the coronavirus ...
APCIA’s Sampson Doubles Down on Voluntary Industry Action to Combat COVID-19 Losses
The head of one of the U.S. property/casualty insurance industry's largest trade associations is doubling down on his opposition of attempts by federal and state governments to make business ...
Apple’s China Factories Restart, Even as iPhone Demand Is in Question
As China reopens its economy after months of lockdown, Apple Inc's iPhone factories are largely up and running. But with the coronavirus pandemic spreading across the world, the urgent question for ...
U.S. Commercial Insurers Face Increasing Political Pressure to Pay Pandemic Business Loss Claims
U.S. commercial insurers face mounting political pressure to cover claims from businesses that are losing revenue because of coronavirus shutdowns ordered by state and local governments. Insurers ...
Insurers Expect Coronavirus Claims Will Strike ‘Event Driven’ D&O Line
What may be the first U.S. securities lawsuits alleging misdeeds related to coronavirus were filed this month — one against a cruise line and another against a pharmaceutical company that claimed ...
Pandemic Response Sparks Product Liability, Other Concerns: Risk Alerts
Efforts by automakers to help manufacture medical equipment raise product liability and intellectual property concerns. An app that tracks where you have been and who you have crossed paths with ...
P/C Insurers Writing Event Cancellation Business Could Face Major Losses: A.M. Best
Although event cancellation insurance represents a very small percentage of overall property/casualty premium, the losses for carriers that write this line of business amid the COVID-19 outbreak ...