Confronting the Coronavirus The Trump administration has made some major steps to combat the spread of the coronavirus in the United States. Despite the expected partisan criticism, President Trump has reduced travel to the U.S. during the crisis and is working to temporarily cut or eliminate payroll taxes in order to give a boost to… Continue reading Is Waiving Copays a New Popular Change?
Tag: coronavirus
U.S. Unions, Groups Urge Government Steps to Protect Workers from Coronavirus
Nearly 30 unions and advocacy groups on Friday urged the U.S. employee safety regulator to impose a suite of emergency measures to safeguard public-facing workers against the new coronavirus. In a letter, the groups asked the Operational Safety and Health Administration to build a list of workers in need of protection, provide training to help… Continue reading U.S. Unions, Groups Urge Government Steps to Protect Workers from Coronavirus
U.S. Health Agency Suffers Cyber-Attack During Covid-19 Outbreak
The U.S. Health and Human Services Department suffered a cyber-attack on its computer system Sunday night during the nation’s response to the coronavirus pandemic, according to three people familiar with the matter. The attack appears to have been intended to slow the agency’s systems down, but didn’t do so in any meaningful way, said the… Continue reading U.S. Health Agency Suffers Cyber-Attack During Covid-19 Outbreak
Concert Giants Live Nation and AEG Suspend Tours as Virus Spreads
Live Nation Entertainment and AEG Presents, the corporate behemoths that dominate the concert industry, on Thursday suspended all tour engagements in North America in response to the coronavirus pandemic, according to two people with direct knowledge of the companies’ decisions. The move is a major blow for the concert industry, which was already grappling with… Continue reading Concert Giants Live Nation and AEG Suspend Tours as Virus Spreads
Spotty Sick Leave Policies Limit Options for Avoiding Virus
A barber in Beijing is supporting his wife and child by charging food and other expenses to a credit card while he waits for his employer’s shop to reopen. A waiter at a barbecue restaurant in Kansas City, Missouri, washes his hands more often and hopes for the best. A parcel delivery driver in Britain… Continue reading Spotty Sick Leave Policies Limit Options for Avoiding Virus
Working Remotely Requires Cultural Change, Executives Say
The coronavirus pandemic has shined the spotlight on remote work and collaboration technologies, as businesses world-wide encourage staff to work from home in an effort to reduce risk. But now that the laptops have been procured and the Zoom video-collaboration software downloaded, what’s next? Experts say the move to remote work requires not only new… Continue reading Working Remotely Requires Cultural Change, Executives Say
Pence Announces Insurance Companies Agreed to Waive Co-Pays for Coronavirus Testing
Vice President Mike Pence announced Tuesday that a number of insurance companies have agreed to waive co-pays for coronavirus tests as part of the Trump administration’s “whole of America” approach to combat the epidemic. Pence made the remarks alongside President Trump at a meeting with executives of major health insurance companies, adding that the administration… Continue reading Pence Announces Insurance Companies Agreed to Waive Co-Pays for Coronavirus Testing
Insurers Face Double Whammy from Coronavirus Crisis
Having initially brushed off the potential impact from coronavirus-linked claims, global insurers are waking up to the prospect of a double whammy – a sharp rise in payouts at a time of big investment losses. Because epidemics are excluded from many business insurance policies, the early prognosis was for a low levels of claims. But… Continue reading Insurers Face Double Whammy from Coronavirus Crisis
In Wake of Coronavirus, Lloyd’s Announces Plans to Stress Test the Market and Corporation Resilience
Lloyd’s will test the resilience of the market on Friday 13 March by closing the Underwriting Room at 1 Lime Street in London for 24 hours in order to test alternative trading protocols. The measures announced today include: Lloyd’s market Lloyd’s business continuity team has assessed the Lloyd’s market’s readiness to continue trading if the… Continue reading In Wake of Coronavirus, Lloyd’s Announces Plans to Stress Test the Market and Corporation Resilience
North American Companies Bracing for Negative Business Impact due to Coronavirus Epidemic
Despite rising concern of the effect that COVID-19 (coronavirus) will have on their businesses, most U.S. companies are taking a wait-and-see approach when it comes to adjusting their executive pay and sales compensation programs, according to a survey by Willis Towers Watson, a leading global advisory, broking and solutions company. “Companies are increasingly expecting that… Continue reading North American Companies Bracing for Negative Business Impact due to Coronavirus Epidemic