All the headlines from our COVID-19 Topic Page, ordered by recency.
May 8 2020 // Authorities in North Carolina filed the state’s first price-gouging lawsuit against a towing company accused of employing predatory towing and booting practices during the coronavirus pandemic.A temporary restraining...
May 8 2020 // When you’re known as the energy capital of the world, oil busts are nothing new. But Houston now finds itself in uncharted territory — grappling with an oil downturn in the middle of a pandemic.Like in other...
May 8 2020 // Overall funding for insurtech investments decreased by 54% during the first quarter as a result of the COVID-19 crisis, compared to a record high in Q1 last year, according to a report from Willis Towers...
May 8 2020 // Britain’s Financial Conduct Authority (FCA) aims to get business interruption insurance policies examined by a court as soon as July, a member of a policyholder action group said on Thursday.The Hiscox Action Group,...
May 8 2020 // Almost exactly four years ago the World Bank announced a pioneering project, the Pandemic Emergency Financing Facility, designed to develop a new insurance market and protect the world’s poorest countries against...
May 8 2020 // While Detroit automakers’ unionized auto factories have been idled by the coronavirus pandemic, farm and construction equipment makers Deere and Caterpillar have won the support of the United Auto Workers and other...
May 7 2020 // As Florida slowly reopens, officials are now contemplating what they should do if the coronavirus outbreak lingers into hurricane season, Republican Gov. Ron DeSantis said Tuesday.Hurricane season begins June 1 and usually...
May 7 2020 // The Oklahoma Senate has passed legislation previously approved by the state’s House of Representatives that would limit liability for healthcare providers and facilities responding to the COVID-19 pandemic.Senate...
May 7 2020 // 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% increase in...
May 7 2020 // If the novel COVID-19 pandemic is brought under control soon, the disease’s impact on the insurance industry as a whole may be pretty much a wash.It not, the industry may be on the verge of an historic catastrophe. A...
May 7 2020 // 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 over cover for businesses...
May 7 2020 // 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 65% drop in first-quarter...
May 7 2020 // The Federation of European Risk Management Associations (FERMA) announced the launch of a task force to create proposals to address the issue of business interruption coverage for catastrophic risks.“Our aim is to...
May 7 2020 // The family of a cruise crew member who died after testing positive for COVID-19 filed a lawsuit against Royal Caribbean Cruises on Tuesday saying the company failed to protect its employees as the pandemic ravaged sailings...
May 7 2020 // The chairman of Berkshire Hathaway said that while his insurance units aren’t heavily exposed to underwriting losses from the COVID-19 pandemic, they would be willing to insure pandemics in the future.“The...
May 7 2020 // Suppose you’re working in an essential industry and your employer hasn’t provided you with adequate personal protective equipment. Maybe you say to yourself, “Okay, there’s a shortage, they’re...
May 6 2020 // California Gov. Gavin Newsom today announced that workers who contract COVID-19 while on the job may be eligible to receive workers’ compensation.The governor signed an executive order that creates a time-limited...
May 6 2020 // At least 116 employees at an Oklahoma pork processing plant have tested positive for coronavirus, Seaboard Foods spokesman David Eahart said in a statement on May 4. Meanwhile, a surge of coronavirus cases in the Texas...
May 6 2020 // Allstate Corp. reported that its adjusted net income rose 47% in the first quarter to $1.14 billion, a jump of 47%, thanks to higher underwriting income and lower catastrophe costs, compared with the quarter one year ago....
May 6 2020 // “I think there was an attempt to dissuade the public from filing these claims and to shape the public opinion that this was not property damage,” said Steven C. Marks, managing partner at Miami-based Podhurst...