The Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping communities and enriching lives, today announces the launch of the 2021 COVID-19 Crisis: IICF Children’s Relief Fund, a fundraising campaign designed to support children at risk of food insecurity exacerbated by the pandemic. The fund will be launched alongside IICF’s second International… Continue reading Insurance Industry Charitable Foundation Launches 2021 COVID-19 Crisis: IICF Children’s Relief Fund
Tag: COVID 19 Crisis
U.S. Car Business Revs Up Amid COVID
The U.S. auto industry, hobbled this spring by the Covid-19 crisis, has bounced back stronger and faster than many expected with some companies reporting record profits in the third quarter. Even for an industry accustomed to boom-and-bust cycles, the speed of the auto sector’s recovery from the pandemic-related shutdowns last spring has surprised executives and… Continue reading U.S. Car Business Revs Up Amid COVID
Covid-19 Crisis in Nursing Homes Requires Aggressive Federal Response, Panel Says
The nation’s nursing homes need an aggressive and comprehensive federal approach to the Covid-19 crisis, including supplying facilities with personal protective gear, assisting with staffing shortages and offering coronavirus testing with rapid results, according to recommendations from a commission convened by the Trump administration. The commission is due to deliver its final report Sept. 1,… Continue reading Covid-19 Crisis in Nursing Homes Requires Aggressive Federal Response, Panel Says
SIGMA: Global Insurance Industry to Recover to Pre-COVID-19 Crisis Levels in 2021
The insurance industry is set to overcome this year’s COVID-19-induced global economic recession, the latest Swiss Re Institute’s sigma says. The sharpest economic contraction since the 1930s will lead to a slump in demand for insurance in 2020, more so for life products, with global premiums expected to contract by 6%, than for non-life covers… Continue reading SIGMA: Global Insurance Industry to Recover to Pre-COVID-19 Crisis Levels in 2021
Infrastructure Investment to Be a Key Driver of Growth in Emerging Markets Post COVID-19 Crisis: SIGMA
Investment in infrastructure development is set to be one of the main drivers of sustainable growth in the emerging markets after the COVID-19 crisis subsides, the latest sigma says. Emerging markets will invest USD 2.2 trillion in infrastructure annually over the next 20 years, equal to 3.9% of gross domestic product (GDP), according to estimates… Continue reading Infrastructure Investment to Be a Key Driver of Growth in Emerging Markets Post COVID-19 Crisis: SIGMA
Munich Re Withdraws Profit Guidance for 2020, Discontinues Share Buy-Back Due to Coronavirus Crisis
In the first quarter of 2020, Munich Re’s property-casualty reinsurance segment saw a considerable claims burden from losses in connection with the effects of the significantly worsened COVID-19 crisis. The claims expenditure is due mainly to the cancellation and postponement of large events. Hence, even though work on the quarterly accounts has just begun, Munich… Continue reading Munich Re Withdraws Profit Guidance for 2020, Discontinues Share Buy-Back Due to Coronavirus Crisis