Latest COVID-19 Headlines

All the headlines from our COVID-19 Topic Page, ordered by recency.

China-Backed Hackers ‘Targeted’ COVID-19 Vaccine Firm Moderna, Reuters Reports

Jul 31 2020 // Chinese government-linked hackers targeted biotech company Moderna Inc., a U.S.-based coronavirus vaccine research developer, this year in a bid to steal data, according to a U.S. security official tracking Chinese...

COVID-19 Couldn’t Stop Robust Quarter for ILS Issuance: Aon

Jul 31 2020 // Usage of insurance linked securities the first six months of 2020 is already 20% higher than all of 2019, underscoring the sector’s momentum and resilience even with the coronavirus pandemic, Aon Securities said in a...

Canadian Life Insurers to See Double-Digit Profit Drop in Q2 on COVID-19 Impact

Jul 31 2020 // Canadian life insurers are set to see double-digit earnings decreases in the second quarter as the pandemic-induced economic slowdown has ushered in decade-low interest rates and weighed on sales.Analysts predict declines...

S. Africa Insurers’ COVID-19 Payments May Be Too Little, Too Late, for Some Businesses

Jul 31 2020 // South African small businesses fighting rejected coronavirus-related claims said insurers’ offers of relief are too little too late for many and could leave some already struggling to survive with nothing at...

Chubb CEO Says U.S. Failure to Manage Covid-19 Hurts Economy, Global Image

Jul 31 2020 // Global insurer Chubb’s employees have begun to return to their offices in many countries around the world as governments have brought the coronavirus pandemic under control. However, the United State government has...

As Benefits Expire, Senate Adjourns Without Congressional Deal on Coronavirus Aid

Jul 31 2020 // Just one day before a federal jobless benefit was set to expire, the U.S. Congress was no closer on Thursday to a deal extending or replacing the extra $600 per week in payments to tens of millions of Americans thrown out...

56 Workers Positive for Coronavirus at Alaska Seafood Plant

Jul 30 2020 // A seafood processing plant in Anchorage, Alaska has found 56 employees tested positive for COVID-19, marking the latest outbreak in the industry, health officials said.The Anchorage Health Department announced Friday that...

COVID-19 Pandemic to Intensify Risks for Insurers: EU Regulator

Jul 30 2020 // Insurers in the European Union are confronted with risks on several fronts that are intensified by the COVID-19 pandemic, and could face lengthy legal battles from claims relating to lockdowns, the bloc’s insurance...

Japan Government Urges Firms to Aim for 70% Telecommuting as COVID Cases Surge

Jul 30 2020 // Japan’s economy minister said on Monday [July 27] the government would urge businesses to aim for 70% telecommuting and enhance other social distancing measures amid a rise in coronavirus cases among workers, some...

Generali’s First Half Net Profit Drops 56.7% with COVID Hit

Jul 30 2020 // Generali’s first half net profit dropped by 56.7% to €774 million ($909.8 million), compared with €1.8 billion (US$2.1 billion) reported for the same period in 2019.The combined ratio improved to 89.5% (91.8% in...

New Hampshire Investigating Ventilation in Nursing Homes After Virus Outbreaks

Jul 30 2020 // New Hampshire health and fire safety officials will spend the next two weeks investigating whether ventilation systems have contributed to coronavirus outbreaks at nursing homes, Gov. Chris Sununu said Tuesday.More than 30...

Report Holds Optimistic COVID-19 Recovery View of Cannabis Industry

Jul 29 2020 // A new report out examining how the COVID-19 pandemic impacted the U.S. cannabis industry shows consumer purchasing spiked, dropped, then started to stabilize in the time between when things began to unravel for the nation...

Grant Program Now Open for Louisiana Small Businesses Harmed by Virus

Jul 29 2020 // Louisiana small businesses that have been hammered by the coronavirus outbreak and haven’t received federal aid can start applying for grants up to $15,000 to cover pandemic-related expenses, under a program created...

Arkansas Music Festival Cited for Violations of Virus Safety Rules

Jul 29 2020 // An Arkansas music festival that attracted thousands of people last weekend was cited by the state for violating coronavirus safety rules after attendees were seen not wearing masks or following social distancing...

Hanover Insurance Sees Profit Jump, Limited COVID Impact in Q2

Jul 29 2020 // The Hanover Insurance Group Inc. reported net income of $115.2 million in the second quarter of 2020, compared to $74.0 million in the prior-year quarter.The insurer said it has experienced limited COVID-19-related loss...

COVID-19 Costs Push Chubb to $331M Loss in Q2

Jul 29 2020 // The coronavirus pandemic has forced global insurer Chubb’s net income to plunge, and in the second quarter, fall to a sizable loss.Chubb lost $331 million compared to net income of more than $1.1 billion during the...

Brown & Brown CEO Sees ‘Sporadic’ Economic Recovery Ahead After Own COVID Recovery

Jul 29 2020 // Insurance broker Brown & Brown, Inc. reported second quarter revenues of $598.8 million, an increase of $23.6 million, or 4.1%, compared to the second quarter of the prior year,Commissions and fees increased in the...

Analysis: Fintech Funding Slides as Coronavirus Casts a Chill with Venture Capitalists

Jul 29 2020 // Aritra Chakravarty, founder of London-based online accounts and investments provider Dozens, admits it’s a tough time to be seeking up to 15 million pounds ($19 million) for a start-up.“It’s definitely a...

As COVID-19 Work-From-Home Orders and Online Business Strategies are Revisited, Cyber Coverage Becomes More Important Than Ever

Jul 29 2020 // Monrovia, CA, July 29, 2020 – Plum Insurance Services has the Right Program for Wholesale Insurance Brokers.While COVID-19 continues to spread like wildfire, businesses are being forced to either extend their...

S. African Insurers Bow to Policyholder Demands to Pay COVID Biz Interruption Relief

Jul 29 2020 // South African insurers are bowing to demands for the payment of losses that businesses suffered during the nation’s lockdown.Momentum Metropolitan Holdings Ltd.’s Guardrisk will make settlement payments to...