Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, today announced the formation of a coalition of leading New York companies and organizations to strengthen communities and move toward societal and economic recovery in the wake of the COVID-19 pandemic. The coalition, which recently held its… Continue reading Aon Announces New York Coalition to Help Move the Economy Forward
Tag: COVID-19 pandemic
Rock Bands Among Groups Receiving PPP Loans for Postponed Tours
With concert tours almost completely shuttered through the ongoing COVID-19 pandemic since March, some of the biggest acts in music — including the Eagles, Pearl Jam, Guns N’ Roses and Green Day — have received federal funding to support their crews for any current and future postponed tours, according to data released Monday by the… Continue reading Rock Bands Among Groups Receiving PPP Loans for Postponed Tours
3XY Insurance Solutions Helps the Industry Make Things Happen
In the wake of the COVID-19 pandemic, the paramount role that insurance and risk management plays for business success has never been more critical. The expertise and guidance in effectively navigating insurance issues, regulations, safety and loss controls along with mitigating liability has put agency owners and senior executives at retailers, MGAs, wholesalers, and program… Continue reading 3XY Insurance Solutions Helps the Industry Make Things Happen
COVID-19 Pandemic May Accelerate Much-Needed Changes in Struggling D&O Market: AM Best
AM Best expects the U.S. directors and officers (D&O) insurance segment to undergo radical changes based on current financial results and the unprecedented turbulence created by the COVID-19 pandemic. In its Best’s Market Segment Report, “Accelerating Trends, Unprecedented Turmoil Could Lead to Seismic Change for D&O Industry,” AM Best states that the level of uncertainty… Continue reading COVID-19 Pandemic May Accelerate Much-Needed Changes in Struggling D&O Market: AM Best
A World Wanting Payback Pulls Insurers Into Epicenter of Crisis
Roger Federer and Rafael Nadal locked in spell-binding battle. Paul McCartney sharing a stage with Kendrick Lamar and Taylor Swift. The long-awaited 32nd Olympic Games. The list of canned crowd-thrillers that were planned for the coming weeks isn’t just bad news for event organizers, sports groups, entertainers and the like. The financial fallout has dealt… Continue reading A World Wanting Payback Pulls Insurers Into Epicenter of Crisis
Baseball Struggles to Agree on Return After Quarantine
On Wednesday, June 3, Major League Baseball failed to come to an agreement with its players’ union. The 2020 season, which would normally be well under way by now, has yet to begin due to the Coronavirus pandemic. But now that most states have significantly rolled back their restrictions on public gathering and events, the… Continue reading Baseball Struggles to Agree on Return After Quarantine
Four in 10 Insurance Agents Say They’ll Continue Working from Home Post-Pandemic
A Channel Harvest Research survey of U.S. independent insurance agencies reveals about half expect to make no permanent transition to working at home when the pandemic is over, and all staff would return to the office. However, 27% said at least some staff would continue to work from home, and 10% said that all employees… Continue reading Four in 10 Insurance Agents Say They’ll Continue Working from Home Post-Pandemic
As Coronavirus Lockdown Rules Ease, Some Want to Keep Working from Home
As states begin to lift the stay-at-home restrictions put in place to combat the coronavirus pandemic, some workers now say they are just fine working from home and would like to do so permanently. In response, employers are formulating plans to allow many of their staffers to keep working remotely when the crisis is over.… Continue reading As Coronavirus Lockdown Rules Ease, Some Want to Keep Working from Home
Despite Fewer Drivers on the Road, Motor Vehicle Death Rate Up 14% in March: NSC
The COVID-19 pandemic has led to “open lanes of traffic and an apparent open season on reckless driving,” National Safety Council President and CEO Lorraine M. Martin said following the release of NSC preliminary estimates showing that, in March, the rate of motor vehicle fatalities in the United States was 14% higher than in March… Continue reading Despite Fewer Drivers on the Road, Motor Vehicle Death Rate Up 14% in March: NSC
Stress Testing of AM Best-Rated Insurance Companies Indicates Most Can Withstand Pandemic
Initial stress testing conducted by AM Best to gauge the preliminary impact from the COVID-19 pandemic on its rated insurance companies’ financial strength found that most insurers’ capital levels provided an adequate buffer against a potential shock to their balance sheets. Sensitivity to the pandemic was greater for life/health insurers with high asset and mortality… Continue reading Stress Testing of AM Best-Rated Insurance Companies Indicates Most Can Withstand Pandemic