News Center
Business Insurance - _Risk Management
State-backed hackers taking advantage of outbreak: Officials
American and British cybersecurity officials are warning that state-backed hackers and online criminals are taking advantage of the coronavirus outbreak to further their operations, echoing concerns from digital safety experts.
POSTED APRIL 09, 2020 10:50 AM |
Shifts in manufacturing create new exposures: Experts
As manufacturers shift gears and repurpose their operations to meet changing customer demand, or to produce sorely needed gowns, masks and ventilators amid the COVID-19 pandemic, they need to be sure that their insurance coverage is appropriate, experts say.
POSTED APRIL 09, 2020 10:24 AM |
When shopping is the answer to low employee morale
Results of a recent survey aim to give employers a glimpse on how to manage the risk of crumbling morale among now telecommuting and possibly disengaged workers in light of the coronavirus shutdowns.
POSTED APRIL 08, 2020 1:59 PM |
P/C insurers’ capital positions remain strong: Fitch
Property/casualty insurers’ capital positions should be strong enough to withstand asset losses due to falling markets and expected claims costs amid the global COVID-19 pandemic, according to a webinar presentation Wednesday by Fitch Ratings Inc.
POSTED APRIL 08, 2020 1:39 PM |
Minnesota provides COVID-19 coverage to first responders
Minnesota Gov. Tim Walz signed into law Tuesday evening legislation to provide worker compensation for first responders who contract COVID-19 on the job.
POSTED APRIL 08, 2020 11:12 AM |
News – Insurance Journal
Utah Business Insurance Names Nielsen Chief Operating Officer
Utah Business Insurance Co. has named Tyler Nielsen chief operating officer. Nielsen joined the company in 2012. He advanced through various positions, including most recently as vice president of operations. UBIC provides workers’ compensation insurance.
POSTED APRIL 09, 2020 3:30 PM |
Judge Won’t Approve California Wildfire Victims Letter Attacking PG&E
A federal judge has refused to put his stamp of approval on a letter to Northern California wildfire victims from attorneys who allege that Pacific Gas & Electric may be breaking its promises as it tries to preserve a plan …
POSTED APRIL 09, 2020 3:23 PM |
Viewpoint: Lessons on Trade-Offs From the 1918 Influenza Pandemic
LONDON — Lockdowns have brought most of the world’s advanced economies to a near standstill as policymakers fight the coronavirus pandemic by banning all but essential movement outside the home. Tens of millions of employees across retail, entertainment, food services, …
POSTED APRIL 09, 2020 2:57 PM |
Thousands Without Power After Storms Roar Through Pennsylvania
Thousands of utility customers across Pennsylvania were without power early Wednesday after severe thunderstorms roared through the state, knocking down trees and utility lines and possibly spawning a tornado. The storms containing heavy rains, hail, lightning and strong winds hit …
POSTED APRIL 09, 2020 2:02 PM |
Vitech Systems Group Forms Strategic Partnership with Innovation Underwriters
Vitech Systems Group has formed a strategic partnership with Innovation Underwriters (IU), a not-for-profit collaborative focused on promoting innovation within the insurance industry. Innovation Underwriters supports insurtech venture development and promotes innovation as a growth strategy for insurance leaders. Its …
POSTED APRIL 09, 2020 1:59 PM |
The trusted source of unique, data-driven insights on insurance to inform and empower consumers.
Coronavirus Wrap-up: Property and Casualty (4/8/2020)
An article in Claims Journal: Anticipated Coronavirus Claims Scenarios Across Major Coverage Lines discusses the wide range of insurance lines in which claims could rise, whether as a direct result of the pandemic or of social, institutional, and governmental reactions to it. The Financial Times reports on two shareholder lawsuits relating to coronavirus that have … Continue reading Coronavirus Wrap-up: Property and Casualty (4/8/2020) →
POSTED APRIL 08, 2020 4:26 PM |
Coronavirus wrap-upLife/Health(4/8/2020)
A.M. Best Holds Stable Outlook on U.S. Health Industry Amid COVID-19 Pandemic Crisis Insurance rating agency A.M. Best said it is maintaining its stable market segment outlook on the U.S. health insurance industry, despite the impact of the COVID-19 virus outbreak. It cited: A trend of strong earnings; Strengthened risk-adjusted capitalization; Lower-than-estimated utilization and medical cost … Continue reading Coronavirus wrap-upLife/Health(4/8/2020) →
POSTED APRIL 08, 2020 4:12 PM |
Helping customers, employees and the community: Insurers respond to COVID-19
We’ve been following the initiatives launched by insurance companies to alleviate the impact of the coronavirus crisis (see Insurers Respond to COVID-19). Here are several more examples of insurers’ commitment to helping their agents, employees, customers, and the broader community weather the pandemic. The Hanover has taken several steps to help ease the burden for … Continue reading Helping customers, employees and the community: Insurers respond to COVID-19 →
POSTED APRIL 07, 2020 6:54 PM |
Coronavirus Wrap-up: Property/Casualty (4/7/2020)
Below are abstracts and links to recent articles related to coronavirus from a property and casualty insurance perspective. Auto: Less driving, fewer accidents: Car insurers give millions in coronavirus refunds One of the largest car-insurance companies in the country and a smaller Midwestern auto insurer are refunding hundreds of millions of dollars to their policyholders, … Continue reading Coronavirus Wrap-up: Property/Casualty (4/7/2020) →
POSTED APRIL 07, 2020 3:41 PM |
Insurers respond to COVID-19 with host of relief initiatives
Insurance companies are working to alleviate the impact of the COVID-19 crisis by supporting their employees and distribution partners, donating money to global relief efforts and easing the financial burden on their customers. Triple-I has published a fact sheet, Insurers Offer Forward-Looking Solutions for COVID-19 Recovery, which outlines how the industry is easing its customers’ financial burdens, … Continue reading Insurers respond to COVID-19 with host of relief initiatives →
POSTED APRIL 06, 2020 1:04 PM |
Auto Insurance Premiums Face Downward Pressure Due to COVID-19
Stay-at-home orders and other travel restrictions due to COVID-19 have limited the number of miles being driven and have consequently put pressure on auto insurers to rebate premiums or otherwise provide offsets, S&P Global Market Intelligence reports. While U.S. private auto direct premiums written have not declined by more than 0.3 percent on a year-over-year … Continue reading Auto Insurance Premiums Face Downward Pressure Due to COVID-19 →
POSTED APRIL 03, 2020 6:39 PM |
Workers Comp Premiums Could SoarWith COVID-19 Claims
Health-care workers and emergency responders will benefit from rules eased in some states around workers’ compensation that will allow them to collect benefits if they can prove they caught Covid-19 on the job, Bloomberg reports. But employers need to be aware of the changing rules and be prepared for the likely end result—skyrocketing premiums. State … Continue reading Workers Comp Premiums Could SoarWith COVID-19 Claims →
POSTED APRIL 03, 2020 5:26 PM |
Triple-I: Insurers Offer Solutions For COVID-19 Recovery
U.S. insurers are meeting the challenges faced by their customers, communities, and employees amid the COVID-19 crisis, according to a fact sheet released April 3 by the Insurance Information Institute (Triple-I). “The nation’s insurers continue to work actively on immediate and forward-looking solutions that will assist its customers and communities in recovering from COVID-19,” said … Continue reading Triple-I: Insurers Offer Solutions For COVID-19 Recovery →
POSTED APRIL 03, 2020 12:50 PM |
Health Insurers Waive COVID-19 Cost Sharing
UnitedHealthcare (UHC) this week became the latest major insurer to waive members’ cost sharing for COVID-19 treatments. The health insurer said it would waive the associated costs for members in its fully insured commercial, Medicare Advantage, and Medicaid plans. UHC added that it’s working with interested self-funded employer plans to offer the same waivers. Anthem … Continue reading Health Insurers Waive COVID-19 Cost Sharing →
POSTED APRIL 02, 2020 7:40 PM |
Proper decontamination before and after coronavirus exposure is crucial
While insurance policies might not cover the mitigation or cleanup costs related to commercial facility exposure to the coronavirus, preserving a healthy and safe place of business remains a critical risk management issue. As the coronavirus (COVID-19) continues to spread rapidly around the world, it’s important to know what to do if someone carrying the … Continue reading Proper decontamination before and after coronavirus exposure is crucial →
POSTED APRIL 02, 2020 6:00 PM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Davis Insurance Associates, Inc. confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|