Coronavirus News
U.S. Life Insurers Relying on Waiting Periods to Curb Their Coronavirus Risks
U.S. life insurers are trying to curb their own risks to coronavirus by imposing waiting periods for applicants who have traveled to regions with widespread outbreaks, industry experts said. Life ...
N.J. Bill Would Make Insurers Cover COVID-19 Business Interruption Claims
A proposed New Jersey bill, which aims to create business interruption insurance coverage for COVID-19 related claims despite virus exclusions in many policies, has drawn concern about the ...
AM Best Pandemic Stress Test Announced
Although AM Best believes property/casualty insurers won't be as severely impacted by the COVID-19 pandemic as life and annuity players, the rating agency said yesterday that it will be ...
Future InsurTech Venture Financings Could Face a Coronavirus Slowdown
InsurTech venture capital financings in the pipeline appear to be going forward, but the likelihood of future deals could be an open question in light of the coronavirus pandemic, according to an ...
EU Industry Watchdog Warns Insurers Should Take Measures to Preserve Capital
Insurance companies should take measures to preserve their capital position and be prudent about dividend and bonus payments as the coronavirus outbreak disrupts households and businesses, the ...
Fitch Changes Allstate’s Rating Outlook Due to Life Insurance/Coronavirus Concerns
Allstate has been hit with a downgraded rating outlook from Fitch Ratings, driven by the global coronavirus pandemic and the uncertainty it creates in the life insurance business. Fitch said it ...
Lloyd’s Asks Members for Estimates of Coronavirus-Related Losses
Lloyd's of London has asked its member firms to provide estimates of their potential current and final losses from coronavirus, a spokesman said on Tuesday, to help the insurance market understand ...
Coronavirus Fallout: EU Regulators Ask Firms to Delay M&A Antitrust Filings
European Union regulators have asked companies seeking to complete their desired mergers to delay submitting antitrust filings due to the coronavirus outbreak. That could affect the timelines of ...