Coronavirus News
COVID-19 Aftermath: Employers May Exclude Payroll to Employees Not Working for Workers Comp
Businesses that have suspended operations due to COVID-19 but continue to pay employees who are at home but not working will not have to include the payroll paid to these employees in the calculation ...
Coronavirus-Related Business Failures, Layoffs Will Cause Significant Impact on Workers Compensation Cover
A new analysis of the economic effects of the coronavirus finds that while layoffs of workers will have the most immediate effect on workers compensation, a rise in business failures could pose a ...
Businesses Contemplating Reopening Fear Lawsuits From Sick Patrons
Whenever U.S. stores, restaurants and theaters reopen from coronavirus shutdowns, they may face an unexpected problem: lawsuits from sick patrons and workers. Business owners hit hard by Covid-19 are ...
Editor’s Letter: Leading When the World Restarts
There's a section of Carrier Management's May/June 2020 edition focused on new ways to manage risk at a time of accelerating change. The topic was appropriately conceived by our guest editor, David ...
Corporations Smacked With Double the Hacking Attacks as Employees Work From Home
Hacking activity against corporations in the United States and other countries more than doubled by some measures last month as digital thieves took advantage of security weakened by pandemic ...
Watsa’s Fairfax Discloses Q1 $1.4B Net Loss From COVID-19 Financial Markets Plunge
Fairfax Financial Holdings warned it is dealing with an estimated $1.4 billion net loss in the 2020 first quarter, largely because of COVID-19 and its adverse impact on the global financial market. ...
Allianz CEO Baete Warns Coronavirus Will Cause ‘Huge Losses’ for Insurers
Allianz SE Chief Executive Officer Oliver Baete warned the coronavirus has upended insurers' business models and will cause "massive" losses across the industry. The virus has forced closures across ...
Chubb CEO Greenberg Cautions Insurers Would Face Bankruptcy Over Retroactive Coverage Measures
Chubb Ltd. Chief Executive Officer Evan Greenberg has a stark warning for policy makers pushing insurers to pay out some uncovered business-interruption losses. "The insurance industry is a ...